DAE 2023 revenue up 16% to $1.3bn

Dubai Aerospace Enterprise (DAE) total revenue was up 16% from $1.1bn in 2022 to $1.3bn in 2023. It also reported an after tax profit of $350.6 million for the year, a significant improvement from its reported loss of $279.3 million in 2022. In particular, DAE Engineering revenue growth was 31%, which was driven by the needs of airlines in the company’s respective region. The company acquired 20 aircraft (10 owned and 10 managed) and sold 30 aircraft (22 owned and 8 managed) in 2023. It also acquired an orderbook of 64 aircraft with near-term delivery positions through a partnership with