Dubai:Dubai Aerospace Enterprise (DAE) has announced a 13.2% rise in its total revenue for the first nine months of 2026, reaching $1.4469 billion compared to $1.2777 billion during the same period in 2025.
According to Emirates News Agency, DAE's pre-tax profit, excluding exceptional items, increased to $370.7 million from $340.8 million, while operating cash flow slightly declined to $1.0881 billion from $1.1274 billion a year earlier. The company reported an adjusted pre-tax profit margin of 25.6% and a pre-tax return on equity of 11.8%.
DAE's total assets grew to $26.8343 billion by the end of September 2026, up from $16.5477 billion at the end of 2025. The company's net debt and borrowings stood at $16.7513 billion, with available liquidity reaching $5.5985 billion. Operationally, DAE completed a $9 billion acquisition of Macquarie AirFinance Limited (MAF), adding 290 aircraft to its fleet, which now totals 983 aircraft.
The company sold 58 aircraft and signed 195 lease agreements, extensions, and amendments during the period. DAE Engineering recorded around 900,000 booked man-hours and completed over 170 checks. Additionally, DAE announced a purchase and leaseback transaction with Saudia for four Boeing 777F freighters.
CEO Firoz Tarapore highlighted the completion of the MAF acquisition and emphasized DAE's growth, noting that the company's owned fleet of 716 aircraft now ranks it as the world's second-largest aircraft lessor. Tarapore also pointed to mandates from Blackstone and Neuberger as factors strengthening DAE's market position and predicts a fleet expansion to approximately 1,300 aircraft. He confirmed the functional integration of MAF is complete, with full integration expected by November 2026.