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DAE Snapshot
The aerospace industry may have a high barrier to entry, but Dubai Aerospace Enterprise's (DAE) $15 billion war chest ought to help it get off the ground. Founded in 2006 by the oil-rich emirate of Dubai, the company is creating an aerospace powerhouse from the ground up operating through three divisions: DAE Capital (aircraft leasing, financing, and insurance), DAE Engineering (MRO services and conversions), and DAE Services (technology-based products and services). Customers include Air New Zealand, Emirates Airlines, Garuda Indonesia, Kingfisher Airlines, WestJet, and Emirates SkyCargo, to name a few. Its fleet is comprised of Boeing and Airbus aircraft.
