Saturday, 24 April 2021

Order for 15 737 MAX jets from Dubai Aerospace Enterprise about to be confirmed

Dubai Aerospace Enterprise, a global aviation services company based in Dubai with over 170 airline customers in over 65 countries has placed an order for 15 Boeing 737 MAX jets, despite more wiring and wing structural issues coming to light in recent days.

Firoz Tarapore, Chief Executive Officer of DAE, said: "We are delighted to deepen our already strong relationship with Boeing. Including this order, we own and manage 162 Boeing aircraft. An increasing number of global aviation regulators are returning the MAX to the skies. We are confident in the success of these aircraft as domestic and regional air travel are seeing strong signs of recovery."

DAE's leasing division has an owned, managed, committed and mandated to manage a fleet of approximately 425 Airbus, ATR and Boeing aircraft with a fleet value exceeding US$16 billion. 

This new deal is the second DAE has made for 737 MAX jets in recent months,  in the third quarter of 2020 DAE signed an agreement with American Airlines for the purchase and leaseback 18 new 737- MAX 8 aeroplanes. The leasing giant also previously completed a similar purchase-leaseback deal with Brazilian carrier GOL for five 737- MAX 8s.

"DAE has been instrumental in helping its customers realize the operating economics and environmental performance of the 737-8. We are delighted that they have come back to add more 737 aircraft to its growth plan as it positions itself for the recovery in commercial passenger traffic," said Ihssane Mounir, Boeing senior vice president of Commercial Sales and Marketing. 

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