45 %increased in the profits of “Dubai Aviation Industries” before taxes during 2024

Dubai Aviation Industries Company, the global limited limited aviation services, announced its financial results for the year ending December 31, 2024, confirming the increase in revenues by 9%, and increasing its profits before taxes by 45%, and the results of the business and operations of the company showed that the number of the aircraft reserved on them reached 83 aircraft ( 30 aircraft are owned, and 53 managed aircraft).

The number of aircraft sold was 68 aircraft (19 of which is owned, 49 managed aircraft), while the number of rental agreements, extensions and signed amendments reached 233 agreements, including long -term rental agreements for 17 Boeing 737 Max, with Turkish Airlines, and Estar Gate. Hinan air lines.

And revealed “Dubai Aviation Industries” raising its classification from the “Fitch” agency to “BBB” and from “Moody’s” to “Baa2”.

“In 2024, we witnessed distinguished performance, as the company took important steps by acquiring 83 owned and managed aircraft, which led to 9%raising revenues, and increasing profits before taxes by 45%,” said Fayrouz Tarabur, CEO of Dubai Aviation Industries.

He added: «We enabled this to achieve strong results in the profit margin before the tax and the return on property rights, and our public budget today is stronger than ever, and our standards for the adequacy of capital, liquidity and financing are still within the specified ranges, which was reflected in the classification measures that I have taken and the agents ( Moody’s) and (Fitch) during the year.

He continued: «Let us see a strong demand for planes from our clients from airlines. In the end of 2024, all our planes were either leased within long -term rental agreements, or in the last stages of negotiations with a number of airlines, and also includes requests to have obligations for rental contracts Long -term for our clients from airlines until mid -2026. ”

“The engineering department in the company achieved record results, as its annual revenues increased by 33% to 186.4 million dollars, while its profits increased by 94% to 43.2 million dollars, and with the addition of a modern aircraft barn that includes five new lines in our facility in the Jordanian capital Amman, we expect that our ability to receive aircraft will increase by about 30%, which enhances the position of (Guamco) as one of the leading companies in the field of maintenance, repair and renewal of aircraft structures in the region.