Dubai Aerospace revenue climbs to Dh5.92b

Dubai Aerospace Enterprise Limited, or DAE, on Monday said its full-year net income, excluding non-recurring items, rose sevenfold to Dh 142.6 million ($38.8 million) in 2010. Net Income for full year 2010 was 
$10.3 million.

The revenue of the aircraft maintenance and leasing company increased to Dh5.92 billion ($1.6 billion) last year from Dh5.81 billion ($1.58 billion) 
in 2009.

“I am pleased with the way in which DAE responded to market conditions during the downturn to emerge in 2010 as a profitable company,” Shaikh Ahmed bin Saeed Al Maktoum, DAE Chairman, said in an email statement to Khaleej Times on Monday.