Dubai, Dubai Aerospace Enterprise (DAE) Ltd. announced today that George Mushahwar, Acting Chief Executive Officer had left the Company to start an independent business venture.

Khalifa H. Al Daboos, DAE Managing Director said "George played an important role in the evolution of DAE in the past few years and we are thankful to him for his efforts and dedication. We wish him well in his new venture." . 


"DAE has made significant strides in the past two years to strengthen the balance sheet and improve the profitability of its core businesses. The management team has done an excellent job of refinancing debt agreements, rationalizing capital commitments and securing long-term financial agreements. The shareholders are comfortable with the direction and strategy of the Company. DAE's core management team, led by the Chief Operating Officer of the Company, remains intact and committed to enhancing shareholder value over the longer term." 

Source: Dubai Aerospace Enterprise