Engineering's margin improvement leads DAE to 43% revenue boost

Although revenues remained static, DAE’s managing director Khalifa Al Daboos (right) said the company’s engineering and MRO division had improved its margins as a result of enhanced focus on operational excellence.
“We renewed or extended our agreements with OEMs to ensure the franchise’s continued long-term growth. The DAE Capital division continued its impressive asset growth in 2014. The net book value of the portfolio at year-end 2014 was $3.65 billion, an increase of 50 per cent in the last three years.”
DAE offers services in aircraft maintenance, repair and overhaul (MRO), aircraft completions and aircraft leasing. The company is headquartered in Dubai, operates in four continents and employs about 3,500 people.
“DAE Capital placed an order for up to 40 new ATR 72-600 aircraft to ensure future portfolio growth. As of December 2014, DAE Capital has firm commitments to acquire 33 additional aircraft,” Al Daboos said.