DAE has completed the acquisition of 64 Boeing 737 MAX jets involving the transfer of rights, interests, and obligations from a wholly-owned subsidiary of China Aircraft CALC.
Dubai Aerospace Enterprise (DAE) Ltd, a globally recognized aviation services corporation, has successfully completed the acquisition of a portfolio of 64 Boeing 737 MAX aircraft. This acquisition involved the transfer of rights, interests, and obligations from a wholly-owned subsidiary of China Aircraft Leasing Group Holdings Limited (CALC). With this strategic move, DAE continues to play a pivotal role in facilitating the growth and development of the aviation industry, serving the needs of airlines around the world.
DAE, headquartered in Dubai, operates through two divisions: DAE Capital and DAE Engineering. DAE Capital is an award-winning aircraft lessor with a substantial fleet of approximately 550 Airbus, ATR, and Boeing aircraft, valued at over US$20 billion. DAE Engineering, on the other hand, provides regional Maintenance, Repair, and Overhaul (MRO) services to customers in Europe, the Middle East, Africa, and South Asia.
The completion of this acquisition further strengthens DAE’s position in the aviation industry, solidifying its role as a key player in aircraft leasing and related services. DAE serves more than 170 airline customers across over 65 countries and operates from seven office locations worldwide, including Dubai, Dublin, Amman, Singapore, Miami, New York, and Seattle.
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The acquisition of 64 Boeing 737 MAX aircraft underscores DAE’s commitment to providing innovative solutions and support to its global customer base, as well as its dedication to expanding its presence and influence in the aviation market.
