Abu dhabi: Dubai Aerospace Enterprise (DAE) has announced its financial outcomes for the first half of 2026, revealing a rise in revenue to $865.9 million from the previous year’s $843.6 million for the same timeframe. The company has also reported a profit before tax and exceptional items of $229.9 million, marking an increase from $217.1 million in the first half of 2025, with a robust pre-tax profit margin remaining steady at 26.6%.
According to Emirates News Agency, DAE’s operating cash flow was recorded at $594 million, and the company saw its available liquidity surge to $4.4 billion. During this period, DAE acquired 18 aircraft, selling 39, and signed 114 lease agreements, extensions, and amendments. The fleet of owned, managed, and committed aircraft reached 638. DAE Engineering logged approximately 720,000 man hours and conducted 142 checks.
DAE also announced significant agreements, including a partnership with Blackstone Credit and Insurance to launch ‘Equator’, a co-investment platform targeting $1.6 billion in annual aircraft investment. Additionally, an agreement with Neuberger will see the launch of ‘Mustang’, targeting $6 billion in aircraft investment over the medium term. CEO Firoz Tarapore commented on the half-year results, highlighting the acquisition of Macquarie AirFinance Limited and the formation of these strategic co-investment programs. These initiatives are expected to add around $15 billion in new aircraft assets over five years, serving over 175 airline customers across 75 countries with a fleet nearing 1,000 aircraft.