Dubai Aerospace Enterprise (DAE) has signed a purchase agreement with Saudia for four new Boeing 777F aircraft. The aircraft will be leased back to Saudia under long-term lease agreements.
The aircraft are scheduled for delivery between October 2026 and May 2027. The deal will support Saudia’s cargo operations and expand its freighter fleet.
Firoz Tarapore, Chief Executive Officer of DAE, said, “We are pleased to announce a purchase-leaseback agreement for four Boeing 777F aircraft with Saudia. This transaction reflects our continued commitment to supporting our airline customers with high-quality, in-demand aircraft. These aircraft will support the airline’s expanding cargo operations and enhance its ability to serve key markets across its global network. We look forward to working with Saudia and wish them continued success.”
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The Boeing 777F is a long-range widebody freighter used for cargo operations across global markets.
DAE currently owns, manages, and is committed to owning more than 1,000 aircraft, including more than 250 Boeing aircraft.
