The company Dubai Aerospace Industries Limited has announced financial results for the nine months ending September 30, 2024. Profit before tax increased by 57% to $326.6 million USD. The General Director of the company, Viroz Tarabor, noted: "We continue to manage our public budget wisely, maintaining strong liquidity and sufficient capital adequacy."
He also added that the development of supplementary amenities for modern hangars for aircraft in their locations in Jordan, Amman is ongoing. The goal of Dubai Aerospace Industries is to launch five supplementary lines of hangars for aircraft by the end of 2024. The average age of the acquired aircraft is 4.4 years, with an average lease term of 8.0 years, and they are leased to 17 airlines in 13 countries.
The complex portfolio consists of 94% narrow-body aircraft by value, while the aircraft equipped with the technology of the following generation make up 90% of the portfolio. Tarabor also stated: "Our orders cover the period until the second quarter of 2026, although the continuing uncertainty related to deliveries from Boeing is delaying the delivery process in the near term."
