With a fleet of 750 aircraft .. “Dubai Aviation Industries”, the third largest aircraft rental company
Dubai was able to change the rules of the game in the air transport sector and transfer the nucleus of the aviation in the east, from a simple sandy amphitheater in the sixties of the last century, the emirate’s ambitions continued to fly high, so Dubai International Airport established the largest airport in the world, and Emirates Airlines launched as the largest international tanker, and expanded its horizon with “Fly Dubai”, and now it draws the features of the future at Al Maktoum International Airport, which will become the largest capacity of up to a capacity of up to reach 260 million passengers annually, and at the heart of this air superiority and global presence, the star of a new giant entity shines from the heart of Dubai: “Dubai Aviation Industries Company”, which became, a few days ago, the third largest aircraft rental company in terms of the number of aircraft in the world, following a set of acquisitions, and the total assets of the company reached 13.1 billion dollars (48 billion dirhams) at the end of March 2025, while Dubai has become airline. A fleet consists of 750 owned, managed and registered aircraft.
The aviation sector
His Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman of the Dubai Civil Aviation Authority, Chairman of the Dubai Airports Corporation, Supreme Chairman of the Emirates Airlines and the group, told «Emirates Today» that “the aviation sector in Dubai represents a fundamental pillar within the strategic vision of the wise leadership, whose sight has placed the transformation of the emirate into a global center for travel and trade.”
His Highness, as Chairman of the Board of Directors of Dubai Aviation Industries, stated that “the emergence of successful global flights from Dubai was not a coincidence, but rather a fruit of a long -term vision, whose goal is that the aviation sector in Dubai today becomes an influential force in the international arena.”
His Highness stressed that “the approach of the aviation sector, which was launched from a sandy runway in the sixties of the last century, to Dubai International Airport, stuck with the emirate’s ambitions high, to become the largest airport in the world, in terms of the number of international passengers, in addition to the (Emirates Airlines) that has become the largest international tanker in the world, through the inauguration of (Fly Dubai) that expanded the prospects for regional and global air links.”
His Highness continued: «This vision also resulted in a great success for Dubai Aviation Industries, which is one of the main players in the global aviation system that Dubai is constructed steadily and professionally, and the company provides its services to more than 200 clients from airlines.
His Highness pointed to the pivotal role of Dubai Aviation Industries, in supporting the global air transport sector, and providing flexible and innovative solutions to airlines around the world. By managing a wide and varied fleet of aircraft, and its smart investments in the assets, the company was able to establish Dubai’s position as an integrated global center in the field of aviation.
His Highness stressed that “what has been achieved in Dubai is a direct result of a continuous investment in infrastructure, advanced technologies and human cadres,” adding that “Dubai will continue to draw the features of the future in the aviation industry, and provides a global model to be followed in innovation, flexibility and leadership.”
An ambitious vision
Dubai Aviation Industries Company was established in 2006, and its operations began with an ambitious vision aimed at consolidating Dubai as a global airline. Since then, the company has taken wide steps through which its location was established at the forefront of global aircraft rental companies. Within less than two decades, the company turned into one of the most prominent aircraft rental companies in the world, to embody a living model for Dubai’s ability to build international companies competing in several markets, and is strategically like the aviation sector.
Dubai Aviation Industries Company (DAE) is today a global company specialized in aviation services, and is practicing its activity through two parts: Aviation rental department and the Engineering Department. The Dubai -based company provides its services to more than 200 airlines, while more than 85 countries of its eight locations in Dubai, Dublin, Limrick, Amman, Singapore, Miami, New York and Saytel.
Leasing and engineering
As for the aircraft rental department in the company, it has a fleet that includes about 750 aircraft that ranged from owned and managed, registration of demand and delegated to manage it, from “Airbus”, “ATR”, “Imperrare” and “Boeing”, at a value of $ 22 billion (about 80.8 billion dirhams), following a major acquisition during the current year on “Nordic Affectal”.
On the other hand, the company’s engineering department provides its services to customers in Europe, the Middle East, Africa and South Asia, from its advanced facility in the Jordanian capital, Amman, which can accommodate up to 17 of the broad or narrow body aircraft. The company has been relied on to work on 15 models of aircraft, and it has the adoption of more than 25 international organizational entities.
In the context of the ambitious vision adopted by Dubai to be a global capital of aviation, the emirate was not satisfied with developing the infrastructure of its airports, or the launch of successful national tankers such as “Emirates Airlines” and “Flydubai”, but rather worked to build an integrated system covering new aspects in the aviation sector. Among the most important of these projects was Dubai Aviation Industries Company.
Accepted «Oas»
Dubai Aviation Industries conducted, during the past years, a set of acquisitions that enabled it to become one of the most prominent aircraft rental companies in the world. In August 2017, it acquired a group of companies «Ayas», based in the Irish capital Dublin, to become one of the largest aircraft rental companies in the world, where “Ayas” occupied the 10th place in the sector, and it was practicing its activity for more than 30 years, with a fleet of 263 Of the aircraft owned, managed and registered demand, in sizes ranging from “narrow body” and “broad”.
According to the data, the “Ayas” customer base at the time included more than 85 airlines in more than 45 countries. With this acquisition, “Dubai Aviation Industries” increased its load -owned fleet to about 400 aircraft, with a value of more than $ 14 billion (about 51 billion dirhams), and about 117 airlines in 57 countries.
Data showed the company that this acquisition increased the size of its business portfolio more than twice, and contributed to enhancing the “Dubai Aviation Industries” position in the market.
In March 2025, “Dubai Aviation Industries” signed agreements with several parties to acquire 17 aircraft with a total value of about one billion dollars (3.67 billion dirhams), and this portfolio consisted of fully of the new generation planes, 89% of which are tight body aircraft, divided into 80% of the production of Airbus, and 20% of the production of “Boeing”.
The company explained that, in line with its commitment to improving its fleet of new generation planes, and reducing the average life of the fleet, these aircraft added fuel and equipped with modern technology added to its wallet.
“Nordic” deal
At the beginning of this year, Dubai Aviation Industries announced an agreement to acquire the Group of “Nordic Avivation Capital” operating in the aircraft rental sector for more than 30 years. In May, “Dubai Aviation Industries” announced its completion of the acquisition process of 100% of the existing capital of “Nordic Avivation Capital” and its unified companies, from NAC Holding Company Ltd., and the total value of this deal was estimated at about two billion dollars (about 7.34 billion dirhams).
After completing this deal, “Dubai Aviation Industries” became a fleet consisting of 750 owned and managed aircraft, knowing that the aircraft and managed aircraft fleet includes about 650 rented aircraft for 161 airlines in 74 countries. In addition, “Dubai Aviation Industries” adhered to acquisition of about 100 Boeing, Airbus and ATR companies.
The company said in a statement, that this deal will contribute to enhancing its global position in the aircraft rental market, while improving its ability to provide more efficient and effective solutions, in terms of cost to its current and future customers.
According to the company’s data, its current fleet places it in the third place globally among the aircraft rental companies, in terms of the number of aircraft.
Credit classification
In June of last year 2024, the “Fitch” credit rating agency raised the classification of Dubai Aviation Industries to the “BBB” level with a stable future outlook, and the agency expected that the demand would be strong on the aircraft rented from airlines.
During the current year, the agency “KBRA” confirmed the “Dubai Aviation Industries” credit rating at “BBB” and raised its future outlook from “stable” to “positive”. The company said in its financial report at the end of 2024, that its performance was estimated by the “Fitch” credit rating agents and “Moody’s” for investor services, which raised its credit rating thanks to its high efficiency in managing its financial affairs, including the commitment to achieve the adequacy of capital and maintain great liquidity.
Maintenance and engineering
In 2016, Dubai Aviation Industries signed a final agreement to acquire 80% of the “Jordan Aircraft Maintenance Company” (Guamco) from the “Abraaj Group”. The Jordanian Aircraft Maintenance Company (Guamco) was established in 1963, and it has a prominent position as an independent company that provides maintenance, repair and repair of commercial aircraft, for a wide range of customers in the Middle East, Europe, South Asia, Africa, Russia and the countries of the Association of Independent Countries.
Guamco provides its services to several models of manufactured aircraft, which is the accreditation of many organizational authorities, including the Civil Aviation Regulatory Authority in Jordan, the US Federal Aviation Authority, the European Aviation Safety Agency, and the General Authority of Civil Aviation in the Emirates.
Strong performance for the fiscal year 2024
Dubai Aviation Industries has recorded a strong performance during the fiscal year 2024 in various indicators, compared to the levels of the previous year, and according to the company’s data, the number of aircraft acquired 83 aircraft (30 owned aircraft and 53 managers), while the number of aircraft sold 68 aircraft (19 owned and 49 orbit), and the number of rental agreements, extensions and signed amendments reached 233 agreements by the end of the fiscal year, and the profits increased Transferred 45% of taxes to about 1.95 billion dirhams (532.3 million dollars), compared to 1.34 billion dirhams (366.3 million dollars) in 2023.
The company said that it witnessed in 2024 a distinct performance, as it took important steps by acquiring it on owned and managed planes, which led to the revenue raised 9%and the increase in profits before taxes by 45%, which enabled it to achieve strong results in the profit margin before the tax and the return of property rights.
The company emphasized that its public budget by the end of 2024 is stronger than ever, while its standards for capital, liquidity and financing are still within the specified domains, which was reflected in the credit rating procedures taken by the “Moody’s” and “Fitch”. The company’s total assets reached 13.1 billion dollars (48 billion dirhams) at the end of March 2025.
According to the data, all the company’s aircraft at the end of 2024 were either leased within long -term rental agreements, or in the last stages of negotiations with airlines. The request record also included obligations for long -term rental contracts until mid -2026.
In turn, the company’s engineering department achieved record results, as its annual revenues rose 33% to 186.4 million dollars (about 684 million dirhams), while its profits increased 94% to 43.2 million dollars (about 158.5 million dirhams). With the addition of a modern aircraft barn that includes five new lines in its facility (Guamco) in the Jordanian capital, Amman, the company expected that its ability to receive aircraft will increase by about 30%, which enhances the status of “Guramco”, as it is one of the prominent companies in the maintenance, repair and renewal of aircraft structures in the region.
Ahmed bin Saeed:
. The aviation sector in Dubai is an essential pillar within the vision of the wise leadership to turn the emirate into a global travel and trade center.
. The emergence of successful global flights from Dubai, was not a coincidence, but a fruit of long -term vision.
. What has been achieved in Dubai is the result of a continuous investment in infrastructure, advanced technologies, and human cadres.
. “Dubai Aviation Industries” provides services to more than 200 airlines in 85 countries.
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