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 www.dubaiaerospace.com

Contact: press.office@dubaiaerospace.com