Dubai Aerospace
Enterprise to invest in India
12 November2007
Dubai:
The tenth Dubai Air Show opened yesterday with Dubai Aerospace Enterprise
(DAE) making several important announcements. The DAE announced a "global
cooperation understanding" with GE, which covers aircraft financing and leasing
along with the leasing and financing of engines and parts. The
agreement also calls for GE to help DAE develop its MRO capabilities, provide
material management and supply agreements and evaluate opportunities for GE to
help with airport and security management and operations. Separately,
DAE also announced an MOU with Dubai Airports to form a "strategic partnership"
under which DAE "will look to yield best results for Dubai Airports and will
develop a blueprint and master case for future national and international projects." According
to DAE officials, the relationship with GE will offer the "necessary credentials
and resources" to DAE to pursue airport development projects in the Middle
East, China, North Africa and India. The latter, particularly, will be a focus
for the DAE, which announced a long-term, multibillion-dollar investment programme
on the subcontinent on 10 November.  The
company will make investments in India covering aircraft leasing, MRO, component
manufacturing, airports, system integration and pilot training, as well as construction
of an aerospace research and development centre.
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