Dubai Aerospace Enterprise (DAE) has reported a strong start to its financial year as the lessor started to reap the benefits of acquiring the Sky 1 portfolio at the end of 2022. DAE’s total revenue rose to $315.2 million for the three months ended March 31, 2023. Profits also rose by 49% for the fiscal first quarter to $69.2 million compared to $46.6 million in the year-ago period. Commenting on the results, Firoz Tarapore, chief executive officer of DAE, stated: “Our first quarter 2023 financial results reflect a strong operating environment for airlines, an improving collections and credit profile, and

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