Agreements

DAE’s strong on purchasing strategy and growth plan during challenging times

DAE had delivered the first aircraft by mid - December 2020 as a part of this Purchase and Leaseback agreement.
DAE is putting their purchasing strategy and growth plan in action and helping operators during this challenging time in our industry

After receiving 18 brand new Boeing 737 MAX 8 from Dubai Aerospace Enterprise, American Airlines backing strong on MAX flights

22 March 2021: Dubai Aerospace Enterprise successfully delivered 18 new Boeing 737 MAX 8 aircraft to American Airlines. With this delivery DAE successfully completed the agreement signed with American Airlines in the third quarter of 2020.

Firoz Tarapore, Chief Executive Officer of DAE said: “This transaction reflects our agility, our balance sheet strength, our underwriting capability, our ability to assist one of our long-term customers and our belief in the product strength of the 737 MAX 8 aircraft. We are delighted to see an increasing number of global aviation regulators return the MAX to the skies. We wish American and Boeing great success.

Ihssane Mounir, Senior Vice President of Commercial Sales and Marketing of The Boeing Company, added: “DAE is putting their purchasing strategy and growth plan in action and helping operators during this challenging time in our industry. We are delighted to once again partner with DAE to support a valued customer such as American Airlines and we are honored by their trust and confidence in the Boeing 737 family.

DAE had delivered the first aircraft in December 2020 as a part of the Purchase and Leaseback agreement with American Airlines and within three months completed the delivery of 18 aircraft proving their agility, strength and ability to assist the customers.