In less than a year, government-backed Dubai Aerospace Enterprise (DAE) has built an aircraft leasing business from scratch. That division, DAE Capital, recently announced $29 billion in orders from Airbus and Boeing for 200 jets: 70 A320s, 30 A350s, 70 737s, 15 787s, 10 777-300ERs and five 747-8 freighters. While it awaits those deliveries, DAE has acquired 20 aircraft from GE Commercial Aviation Services (Gecas) and eight from Emirates in a leaseback arrangement. Bob Genise, a veteran ...
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