Dubai Aerospace Enterprise (DAE) recorded a 26.5% y-o-y increase in its bottom line to USD 85.8 mn in 1Q 2025, which the firm attributed to increased operating net income largely counterbalanced by high net finance costs and income tax expenses during the quarter, according to an earnings release (pdf). The firm’s top line increased 15.2% y-o-y to USD 395.9 mn during the same period.

Expanding its fleet: The company onboarded 13 owned and six managed aircraft in 1Q and sold 11 owned and four managed aircraft. DAE’s capital fleet was primarily concentrated in the Americas at 29%, followed by the Middle East at 20%, and Asia Pacific at 16% at the end of 1Q.

Maintaining its upwards trajectory: The firm saw its bottom line increase 36.2% y-o-y to USD 477.5 mn in 2024. The company’s revenues rose 8.7% y-o-y to USD 1.43 bn during the same period.

REMEMBER- DAE acquired 17 used aircraft for USD 1 bn last month. The new aircraft are currently on lease to 11 airlines across 10 countries. The new uptakes are all next-generation aircraft — 80% of which are manufactured by Airbus and the remaining 20% by Boeing.

!_Subhed_! NAKILAT-

Qatar shipping and maritime firm Nakilat recorded a 3.2% y-o-y increase in its bottom line to QAR 433 mn (USD 119 mn) in 1Q 2025, driven by Nakilat’s strategic fleet expansion, operational efficiency, and long-term agreements, according to a press release (pdf). The firm’s total expenses dipped 5.7% y-o-y to QAR 673 mn.

Fleet expansion is still a priority: Construction on six LNG vessels commissioned by Nakilat kicked off at South Korea’s HD Hyundai Samho shipyard in March. Construction of eight other LNG vessels commissioned by Nakilat began at South Korea’s Hanwha Ocean Shipyard the same month. The move is part of Qatar’s initiative to expand its fleet of LNG vessels to advance plans to bolster its LNG production capacity to some 142 mn tons per year by 2030. Nakilat currently boasts a total fleet size of 72 vessels.

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