Dubai Aerospace Enterprise (DAE) is looking to further expand its portfolio prior to 2010, when it takes delivery of its first ordered aircraft.

In November DAE signed deals acquiring 20 aircraft from GECAS and eight aircraft from Emirates, in addition to placing orders directly with Airbus and Boeing for 100 aircraft each.

DAE Capital chief executive Robert Genise says DAE is now aiming to acquire another 30 to 35 aircraft in 2008 and 2009 through a mix of transactions, including asset purchases and sale leasebacks.

Several sale and leaseback deals similar to the deal it has done with Emirates are possible, he says, adding: “We’re in talks with a number of airlines for opportunities for this year.”

Genise says DAE is also in talks with owners of aircraft assets and could complete more deals similar to the one it has done with GECAS.

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