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Head of Dubai Aerospace's leasing division leaves

Division will now be absorbed into rest of DAE.
The leasing division of Dubai Aerospace is being absorbed into the parent company.
The leasing division of Dubai Aerospace is being absorbed into the parent company.

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The CEO of Dubai Aerospace Enterprise’s (DAE’s) Capital division has left, according to a statement released on Wednesday.

Robert Genise left the company, which focused on aircraft leasing, ‘to fulfill his desire to be involved in a more entrepreneurial venture’, according to the statement.

“We thank him for his many contributions and wish him well in his endeavours,” said Khalifa H. AlDaboos, managing director, DAE.

“We will take this opportunity to consolidate the management of this business in Dubai. The business will report to the COO of DAE, and will be managed in a more integrated manner with the rest of DAE. The bench strength of our management will allow us to provide continuity of service to our global customers and suppliers,” added Khalifa AlDaboos.

“Supported by our shareholders, DAE has built a successful aircraft leasing business with clients in 14 countries and aircraft assets in excess of $2 billion. We are committed to delivering excellence to our customers, suppliers and providers of credit,” added Khalifa AlDaboos.

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