Dubai lessor DAE annual net profit soars 116% - The National:
Dubai Aerospace Enterprise, the Middle East's biggest aircraft lessor, more than doubled its annual profit due to gains from disposal of jets and a rise in revenue-generating fleet.
The Dubai lessor made $372.9 million (Dh1.37 billion) in profit attributable to shareholders in 2018, up from $172.6m the previous year, it said in a statement on Monday. Annual revenue jumped 70 per cent to $1.4bn year-on-year.
"During 2018, we recorded strong financial and operational performance across our businesses," said Firoz Tarapore, chief executive of DAE.
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