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Dubai Aerospace Enterprise (DAE) has finalized agreements to acquire 17 next-generation aircraft for around $1 billion, with 89% being narrow-body models. The fleet will predominantly feature 80% Airbus and 20% Boeing aircraft, currently leased to 11 airlines across 10 countries. This acquisition is set to lower DAE’s average passenger fleet age to 6.9 years and extend the average lease term to 6.6 years, enhancing the company's growth strategy amid ongoing delivery delays.
Dubai's DAE is set to invest $1 billion to expand its aircraft fleet. CEO Firoz Tarapore emphasized that this move will strengthen relationships with their global airline customers, welcoming back three airline partners to DAE.
Dubai's DAE is set to invest $1 billion to expand its aircraft fleet. CEO Firoz Tarapore emphasized that this move will strengthen relationships with their global airline customers, welcoming back three airline partners to DAE.
Firoz Tarapore
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dae acquires 17 next generation aircraft in one billion dollar deal
06:48 17.03.2025
Dubai's DAE invests one billion dollars to expand aircraft fleet
06:47 14.03.2025
Dubai's DAE invests one billion dollars to expand aircraft fleet
06:47 14.03.2025
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