Dubai Aerospace: Air Apparent

Daryl Visscher / Arabianeye for TIME

AIRCRAFT CARRIER: Johnson hopes his company will keep planes and profits soaring

What's generating the most buzz at the Dubai air show this week? It isn't the new Airbus A-380, the world's largest passenger jet or the U.S. Air Force's F-117A Nighthawk stealth bomber, always a crowd favorite. It's Dubai itself, which, as the home of an ambitious new aerospace firm, is solidifying its position as a world center of the aviation industry.

After quietly assembling an experienced management team and securing key initial acquisitions, Dubai Aerospace Enterprise (DAE) is shaping up to be a formidable player in the airplane business. "From zero, we are off and running in less...

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