The aviation company has more than 100 customers from around the globe as its centers are expanded in different territorial regions including Dubai, New York, Singapore, Seattle, Dublin, Amman and Miami.
A multinational aviation services company, Dubai Aerospace Enterprise announced two all-new appointments to the Board of Directors on September 28, 2021. The aerospace corporation has positioned Mr. Wassim Younan and Mr. Firoz Tarapore to the DAE’s board which will come into effect from October 1, 2021. The latest appointments by the company are going to expand the composition of the board with 6: 4 non-executive directors, one independent non-executive director and an executive director.
Chairman of DAE’s board of directors, HH Sheikh Ahmed bin Saeed Al Maktoum shared few words on welcoming the two fresh appointments to the company’s board. He said, “DAE welcomes Wassim and Firoz to the Board of Directors.” He added further that the experience which the new board members hold compliments the board of directors’ present skills and experiences. “…and I look forward to working with them; DAE will benefit from the perspectives that they will bring to the Board of Directors,” he shared.
Younan is positioned in the board as the Partner and Vice Chairman for International as a part of joining HPS Investment Partners. Prior to his role in the board, he contributed his part at Goldman Sachs for over 29 years. He was also the Chief Executive Officer at Goldman Sachs for the regions including the Middle East as well as North Africa. Younan has devoted his potential in six different financial entities inculcating the work experience of more than thirty-seven years across various regions across the world including the United States, Asia, Europe, etc. His academic background portrays that he holds a degree in MBA which he completed from the Loyola University of Chicago along with a degree holding in Bachelor of Arts in Business Administration from the American University of Beirut.
Another new member of the board, Tarapore is the present Chief Executive Officer (CEO) at DAE who primarily served as the Chief Operating Officer as well as Chief Financial officer at DAE. Tarapore claims thirty-five years of experience in operating and managing intricate businesses in the global market. Besides completing a Bachelor of Commerce from Bombay University, Tarapore also holds a degree in MBA in finance segment from The Wharton School under the Pennsylvania University.
What is DAE about?
Dubai Aerospace Enterprise (DAE) is a multinational aviation services corporation based in Dubai. With over thirty years in the aviation industry, it is considered as one of the most enormous aircraft leasing companies worldwide. The aviation company has more than 100 customers from around the globe as its centers are expanded in different territorial regions including Dubai, New York, Singapore, Seattle, Dublin, Amman and Miami.
Dubai operates two of its divisions- DAE Engineering and DAE Capital. The Engineering division is located at the Queen Alia International Airport in Amman. Its center offers services such as maintenance, repair, refurbishing services, etc. for aircrafts.
Another division, DAE’s Capital operates in aviation management services and other financial as well leasing services.