Dubai Aerospace Enterprise, a state-controlled aviation leasing and services company, posted a full-year 2009 loss of $21.1m, compared to a loss of $111.8m in 2008, according to stakeholder DIFC Investments in its annual report. DIFC owns a 23.3% stake in Dubai Aerospace.

Dubai Aerospace’s revenue declined to $1.58bn from $1.6bn in 2008. The company was established in 2006 to provide services in airport management, maintenance, leasing and education. In November 2008, its DAE Capital leasing unit placed orders for 200 planes worth $27.2bn at the Dubai Air Show, including 70 Boeing 737 models and 70 A320s built by Airbus.