DAE revenues up marginally in the first half of 2024

Dubai Aerospace Enterprise’s (DAE) revenues were up marginally by 1.4% to $679.2 million for the first half of 2024, compared to the first half of last year. The company’s operating profit was up 4.5% to $334.2 million, which was largely driven by higher revenues and gain on aircraft disposal partially offset by increase in cost of providing engineering maintenance services throughout the first six months of the year. Profit for the period was $148.8 million, compared to $141.1 million a year prior, representing an increase of 5.5%. “The continued strength of demand for both leased aircraft and airframe maintenance can