Friday, July 1, 2011

DAE Announces Organization Changes

DAE Capital CEO departs; management of division to be consolidated


Dubai, U.A.E., 29 June 2011 – Dubai Aerospace Enterprise (DAE) Ltd. announced

today that the CEO of its Capital division, Mr. Robert Genise, had left the Company to

fulfill his desire to be involved in a more entrepreneurial venture. “We thank him for his

many contributions and wish him well in his endeavors,” said DAE Managing Director

Khalifa H. AlDaboos.



“We will take this opportunity to consolidate the management of this business in Dubai.

The business will report to the COO of DAE, and will be managed in a more integrated

manner with the rest of DAE. The bench strength of our management will allow us to

provide continuity of service to our global customers and suppliers,” added Khalifa

AlDaboos.



“Supported by our shareholders, DAE has built a successful aircraft leasing business

with clients in 14 countries and aircraft assets in excess of $2 billion. We are committed

to delivering excellence to our customers, suppliers and providers of credit,” added

Khalifa AlDaboos.



Dubai Aerospace Enterprise (DAE) Ltd is a globally recognized aerospace company

specializing in maintenance, repair and overhaul (MRO) services, aircraft completions

and aircraft leasing. The Company is headquartered in Dubai and operates in four

continents and employs over 4,000 people. More information can be found on the

company’s web site at http://www.dubaiaerospace.com./

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