MIDDLE EAST: DAE boosts portfolio with 18 more freighters

Dubai Aerospace Enterprise (DAE) is expanding its aircraft leasing portfolio with the acquisition of 18 Boeing freighter aircraft by DAE Capital, the group’s aircraft leasing and financing business. The company is to acquire the new freighters in a purchase and leaseback deal. The aircraft, which will be acquired from Emirates Airline, comprises 10 Boeing 747-8Fs […]


Dubai Aerospace Enterprise (DAE) is expanding its aircraft leasing portfolio with the acquisition of 18 Boeing freighter aircraft by DAE Capital, the group’s aircraft leasing and financing business.

The company is to acquire the new freighters in a purchase and leaseback deal. The aircraft, which will be acquired from Emirates Airline, comprises 10 Boeing 747-8Fs and eight Boeing 777 freighter aircraft.

This latest agreement will increase DAE Capital’s leasing portfolio to 49 aircraft and with a further 200 Boeing and Airbus aircraft on order, due for delivery between 2010 and 2013, the Dubai-based company is propelling itself onto the global industry stage as a worldclass aircraft lessor.

“This latest deal is the clearest indication yet that we are on course for developing a world-class aircraft leasing and finance operation,” said H.E. Dr Omarbin Suleiman, DAE Group Managing Director. “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.”