Dubai Aerospace Enterprise (DAE) reported underlying net profit for 2010 was USD38.8 million. Net income for the full-year after the impact of exceptional was USD10.3 million. The MRO and leasing company reported revenue of USD1.6 billion, up only marginally from 2009.
DAE Capital, the company leasing arm, has a fleet of four B777s, 16 B737NGs and 15 A320 family aircraft and 11 A330s. The company has orders for 102 aircraft, despite canceling orders for another 62 aircraft in 1Q2011.
Selected Lessors daily share price movements (% change): 24-May-2011
Want more analysis like this? CAPA Membership gives you access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find out more and take a free trial.