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DAE acquires 17 next-generation aircraft for USD 1 bn
The aircrafts are already on lease to 11 airlines across 10 countries.
Sanad sees 40% y-o-y increase in revenues in FY 2024
The top-line performance was partially attributed to a rise in global demand for engine maintenance, repair, and overhaul services
Dubai Aerospace Enterprise mulls sale of its MRO arm Joramco
DAE holds an 80% stake in Joramco
TODAY: DAE mulls selling its stake in Joramco + KSA’s Red Sea Gateway Terminal lands in Djibouti
What we’re tracking this morning regionally and around the world
Latest US tariffs may hit Boeing harder than Airbus
Trump’s proposed tariffs on EU-sourced goods could especially harm Boeing, which lacks production facilities in Europe
Updates on aviation, trade, and ports from Bahrain, Saudi, Morocco and Egypt
Stories on our radar this morning from around the region
TODAY: Egypt’s subsea cable factory + Dekheila Port’s new petrochemicals facility
What we’re tracking this morning regionally and around the world
Falcon Aviation to invest USD 100 mn into its MRO facilities at Dubai’s Al Maktoum International Airport
The firm was granted approval to offer its MRO services in the UAE by the General Civil Aviation Authority (GCAA)…
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