MIDDLE EAST: Dubai Aerospace leaps into leasing business

Dubai Aerospace Enterprise, rapidly established itself as a significant player in the leasing business by signing letters of intent for 200 Airbus and Boeing aircraft worth just over US$27 billion. The Boeing order is for 70 737NGs, five 747-8 freighters, 10 777-300ERs and 15 787s, while Airbus received a commitment for 70 A320s and 30 […]


Dubai Aerospace Enterprise, rapidly established itself as a significant player in the leasing business by signing letters of intent for 200 Airbus and Boeing aircraft worth just over US$27 billion.

The Boeing order is for 70 737NGs, five 747-8 freighters, 10 777-300ERs and 15 787s, while Airbus received a commitment for 70 A320s and 30 A350 XWBs.

Boeing’s order was valued at $13.7 billion at list prices, with the Airbus aircraft worth around $13.5 billion.

Deliveries of the Boeing aircraft will start in 2010 and continue through 2018, with Airbus deliveries beginning in 2013 and ending in 2022. Airbus President and CEO Tom Enders said he expects DAE to close on its deal before year end.