Dubai Aerospace Enterprise has finalized an agreement with Turkish Airlines for the lease of 10 new Boeing 737-8 aircraft, scheduled for delivery in 2025 with modern, fuel-efficient aircraft to meet its growing fleet requirements.
Dubai Aerospace Enterprise (DAE) Ltd has finalized an agreement with Turkish Airlines for the lease of 10 new Boeing 737-8 aircraft, scheduled for delivery in 2025. This deal strengthens the existing relationship between DAE and Turkish Airlines, providing the carrier with modern, fuel-efficient aircraft to meet its growing fleet requirements.
DAE Capital, the aircraft leasing division of DAE, manages and owns a diverse fleet of approximately 500 Airbus, ATR, and Boeing aircraft with a combined fleet value exceeding US$17 billion. The company’s commitment to delivering modern, efficient, and technologically advanced aircraft aligns with the evolving needs of its airline customers.
The 10 Boeing 737-8 aircraft from this lease agreement will contribute to Turkish Airlines’ efforts to enhance its fleet with the latest technology and fuel-efficient options. The Boeing 737 MAX family is known for its advanced features, including improved fuel efficiency, reduced carbon emissions, and enhanced passenger comfort.
Firoz Tarapore, Chief Executive Officer, DAE said, “We are delighted to further deepen our already strong and long-term relationship with Turkish Airlines and to provide them a solution to their growing fleet requirements with these new technology, fuel efficient aircraft. We thank Turkish Airlines for their ongoing trust in DAE and wish them much success with their new fleet additions.”
DAE, headquartered in Dubai, is a globally recognized aviation services corporation with two primary divisions: DAE Capital and DAE Engineering. DAE serves over 170 airline customers in more than 65 countries, operating from strategic office locations in Dubai, Dublin, Amman, Singapore, Miami, New York, and Seattle.
DAE Capital, the award-winning aircraft lessor, continues to play a significant role in the aviation industry by offering a comprehensive and diverse range of aircraft leasing solutions. DAE Engineering, on the other hand, provides Maintenance, Repair, and Overhaul (MRO) services to customers in Europe, the Middle East, Africa, and South Asia from its state-of-the-art facility in Amman, Jordan. The MRO facility is authorized to work on 15 aircraft types and holds regulatory approvals from over 25 aviation authorities globally.
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This leasing agreement reflects the continued growth and collaboration within the aviation industry, with DAE contributing to the modernization and expansion plans of Turkish Airlines through the provision of advanced and efficient Boeing 737-8 aircraft.
Question- How many Boeing 737-8 aircraft will DAE lease to Turkish Airlines?
Answer- 10 new Boeing 737-8 aircraft (scheduled for delivery in 2025).
Question-What is the benefit for Turkish Airlines?
Answer-Modernizes and expands fleet with fuel-efficient aircraft meeting growing fleet requirements.
Question- What is DAE’s role in the aviation industry?
Answer- Provides comprehensive leasing solutions and contributes to airline modernization through advanced aircraft.
Note– MRO Business Today is the Principal Media Partner of the 5th MRO SOUTH ASIA SUMMIT 2024 co-located with the MRO XPO INDIA & AIRCRAFT INTERIORS INDIA 2024 to be held on 27,28 & 29 February 2024 at the Le Méridien New Delhi, India.
