Aviation services firm Dubai Aerospace Enterprise (DAE) has posted a 3% profit increase for the first three months of 2019.

Dubai-based DAE, which is active in aircraft leasing and maintenance, generated $360 million in revenue for the quarter ended March 31. This marked 2.2% growth on the prior-year quarter.

In a brief financial disclosure, DAE said net income for the period was up 3.1% at $99 million, with a pre-tax profit margin of 30%.

DAE operates from seven locations in Dubai, Dublin, Amman, Singapore and the US, serving over 125 airline customers.

Leasing division DAE Capital has an owned, managed and committed fleet of approximately 355 Airbus, ATR and Boeing aircraft, with a fleet value of $13 billion.

Victoria Moores victoria.moores@informa.com