Dubai Aerospace Enterprise (DAE) has reported strong financial results for the six months ended June 30, 2026, with revenue rising to $865.9 million from $843.6 million in the same period last year.
Profit before tax and exceptional items increased to $229.9
million, compared with $217.1 million in the first half of 2025, while the
company maintained a strong pre-tax profit margin of 26.6%.
DAE’s operating cash flow stood at $594 million, with
available liquidity increasing to $4.4 billion.
The company’s liquidity coverage ratio reached a record
1,202%, compared with 277% at the end of 2025, supporting its expansion plans
and financial resilience.
During the first half, DAE acquired 18 aircraft and sold 39
aircraft, while signing 114 lease agreements, extensions and amendments.
Its owned, managed and committed fleet reached 638 aircraft,
supported by continued activity from DAE Engineering, which recorded around
720,000 man hours and completed 142 checks.
The company also announced new strategic investment
platforms with global financial institutions, including Equator with Blackstone
Credit & Insurance, targeting $1.6 billion in annual aircraft investments,
and Mustang with Neuberger, targeting $6 billion in aircraft investments over
the medium term.
Firoz Tarapore, Chief Executive Officer of DAE, said: “the
first half has been a momentous period for DAE. We announced the acquisition of
Macquarie AirFinance Limited (“MAF”) and the formation of two long-term
co-investment programmes with world-class financial institutions. These
co-investment programmes are sized to add approximately $15 billion of new
aircraft assets over the next five years to our total fleet. Our enhanced
scale, expanded product offerings, robust underwriting discipline and financial
strength will allow us to serve our clients more holistically than ever before.
Today, after the close of the previously announced acquisition of MAF, we will
serve over 175 airline customers in 75 countries with an owned, managed and
committed fleet of approximately 1,000 aircraft.”
Tarapore added: “For DAE Engineering, revenue continues to
be impacted by lingering effects of the regional conflict and related airspace
closures. However, the outlook for the upcoming winter season in the northern
hemisphere remains positive, with a robust pipeline. Consolidated revenue
increased, and margins expanded. Our returns stayed high and our liquidity
coverage ratio reached a record 1,202% in anticipation of yesterday’s closing
of the MAF acquisition. Overall, the Group remains largely unimpacted by
regional events, and this reflects the scale, breadth, and strength of the DAE
franchise.”
Following the completion of its Macquarie AirFinance acquisition, DAE now serves more than 175 airline customers across 75 countries with an expanded global aircraft portfolio. -TradeArabia News Service