25-May-2011 2:59 PM
DAE reports profit in 2010
Analysis
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.
Summary
- Dubai Aerospace Enterprise (DAE) reported a net profit of USD38.8 million for 2010.
- DAE's net income for the full year, after exceptional impacts, was USD10.3 million.
- The company's revenue for 2010 was USD1.6 billion, showing minimal growth compared to the previous year.
- DAE Capital, the leasing arm of DAE, has a fleet consisting of various aircraft models.
- DAE currently has orders for 102 aircraft, despite canceling orders for 62 aircraft in the first quarter of 2011.
- The article mentions selected lessors' daily share price movements on 24-May-2011.
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
