Dubai Aerospace Enterprise (DAE) is expanding its aircraft leasing portfolio with the acquisition of 18 Boeing freighter aircraft, it was announced at Farnborough.
DAE Capital, the group’s aircraft leasing and financing business, yesterday confirmed that the company is to acquire the new freighter aircraft in a split purchase and leaseback deal.
The aircraft, which will be acquired from Emirates Airline, comprise 10 Boeing 747-8Fs and eight GE90-115B-powered Boeing 777 freighter aircraft.
This latest agreement will increase DAE Capital’s leasing portfolio to 49 aircraft and it has a further 200 Boeing and Airbus aircraft on order, due for delivery between 2010 and 2013.
HE Dr Omar bin Suleiman, DAE Group managing director, says: “This latest deal is the clearest indication yet that we are on course for developing a world-class aircraft leasing and finance operation. With our location in Dubai, an experienced team and our resources, we will seize upon the significant aviation growth in the region and in other developing markets.”
Source: Flight International
