Dubai Aerospace Enterprise (DAE) has reported strong financial results for the six months ended June  30, 2026, with revenue rising to $865.9 million from $843.6 million in the same period last year.

Profit before tax and exceptional items increased to $229.9 million, compared with $217.1 million in the first half of 2025, while the company maintained a strong pre-tax profit margin of 26.6%.

DAE’s operating cash flow stood at $594 million, with available liquidity increasing to $4.4 billion.

The company’s liquidity coverage ratio reached a record 1,202%, compared with 277% at the end of 2025, supporting its expansion plans and financial resilience.

During the first half, DAE acquired 18 aircraft and sold 39 aircraft, while signing 114 lease agreements, extensions and amendments.

Its owned, managed and committed fleet reached 638 aircraft, supported by continued activity from DAE Engineering, which recorded around 720,000 man hours and completed 142 checks.

The company also announced new strategic investment platforms with global financial institutions, including Equator with Blackstone Credit & Insurance, targeting $1.6 billion in annual aircraft investments, and Mustang with Neuberger, targeting $6 billion in aircraft investments over the medium term.

Firoz Tarapore, Chief Executive Officer of DAE, said: “the first half has been a momentous period for DAE. We announced the acquisition of Macquarie AirFinance Limited (“MAF”) and the formation of two long-term co-investment programmes with world-class financial institutions. These co-investment programmes are sized to add approximately $15 billion of new aircraft assets over the next five years to our total fleet. Our enhanced scale, expanded product offerings, robust underwriting discipline and financial strength will allow us to serve our clients more holistically than ever before. Today, after the close of the previously announced acquisition of MAF, we will serve over 175 airline customers in 75 countries with an owned, managed and committed fleet of approximately 1,000 aircraft.”

Tarapore added: “For DAE Engineering, revenue continues to be impacted by lingering effects of the regional conflict and related airspace closures. However, the outlook for the upcoming winter season in the northern hemisphere remains positive, with a robust pipeline. Consolidated revenue increased, and margins expanded. Our returns stayed high and our liquidity coverage ratio reached a record 1,202% in anticipation of yesterday’s closing of the MAF acquisition. Overall, the Group remains largely unimpacted by regional events, and this reflects the scale, breadth, and strength of the DAE franchise.”

Following the completion of its Macquarie AirFinance acquisition, DAE now serves more than 175 airline customers across 75 countries with an expanded global aircraft portfolio. -TradeArabia News Service