Dubai International Capital is a founding shareholder of Dubai Aerospace Enterprise (‘DAE’), a conglomerate of aerospace related businesses focused on Dubai. DAE is building a US$15 billion global aerospace corporation that encompasses manufacturing, services, airports and education. It is creating an innovative business that builds on Dubai’s dynamism and financial strength and forms international partnerships which allow it to grow in emerging markets around the world.
The conglomerate recently completed its acquisition of aviation service providers Standard Aero and Landmark Aviation from The Carlyle Group. DAE will merge the companies as a business enterprise within its DAE Engineering subsidiary. The transaction, valued at US$1.9 billion, brings together two of the world’s leading maintenance, repair and overhaul (MRO) providers.
