Pause operations: company temporarily curtailing operations while keeping return options open
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Dubai Aerospace Enterprise (DAE)
Dubai Aerospace Enterprise (DAE)
Dubai Aerospace Enterprise Ltd (DAE) is a global aviation services company and one of the largest aircraft leasing companies in the world.
Pause operations: company temporarily curtailing operations while keeping return options open
Leave SuspensionThe Company Statement
February 08, 2023
In compliance with applicable sanctions, DAE terminated the lease agreements after Russia invaded Ukraine in February last year, it said. In November, DAE said it “has no way” to determine whether the aircraft it had leased to Russian aviation operators would be returned in the future.
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