Dubai Aerospace Enterprise (DAE), a global aircraft leasing company, has posted a profit of $99 million for the first quarter (Q1) of the year, as against $96 million posted in Q1 2018, marking a rise of 3.1 per cent.

The company posted total revenue of $360 during the period as against $352.4 million in Q1 2018. Pre-tax profit margin stood at 30 percent (Q1 2018: 31 per cent)

Headquartered in Dubai, DAE’s leasing and engineering divisions serve over 125 airline customers around the world from its seven locations in Dubai, Dublin, Amman, Singapore and the US.

DAE’s award-winning leasing division DAE Capital has an owned, managed and committed fleet of approximately355 Airbus, ATR and Boeing aircraft with a fleet value of $13 billion. – TradeArabia News Service