ArabianBusiness.com - Middle East Business News
Tuesday, 24 November 2009 00:10 UAE time

YOUR DIRECTORY /

| Share |

Aircraft leasing company expands fleet

by This email address is being protected from spam bots, you need Javascript enabled to view it  on Tuesday, 30 December 2008
PLANE DEAL: DAE Capital will acquire two new aircraft in a sales and leaseback deal with Air New Zealand. (Getty Images)

Aircraft leasing company DAE Capital has expanded its fleet after agreeing to acquire two Boeing 777s in a sales and leaseback deal.

The subsidiary of Gulf-based aviation group Dubai Aerospace Enterprise will acquire the Boeing 777-319ERs from Air New Zealand. It will then lease them back to the Kiwi carrier on 12 year leases.

US aircraft manufacturer Boeing is expected to deliver both planes between January and March 2011.

Story continues below
advertisement

“In a short space of time, DAE has grown to represent a major force in the aerospace sector, and this latest agreement is testament to the trust and confidence operators have in our world-class leasing capabilities,” said Dr. Omar Bin Sulaiman, DAE Group managing director.

DAE Capital’s leasing fleet numbers 33 aircraft, with a further 200 Boeing and Airbus planes on order.

| Share |


READERS' COMMENTS

Disclaimer: The views expressed here by our readers are not necessarily shared by ArabianBusiness.com or its employees.

Click here to post a comment


Add your Comment
All posts are sent to the administrator for review and are published only after approval. ArabianBusiness.com reserves the right to remove any comment at any time for any reason. Please keep your responses appropriate and on topic.
Arabian Business would like to point out that only comments relevant to the story will be published. Any containing personal insults or inappropriate language will not be approved.
Name *
Remember me on this computer
Email *
(Your email address will not be published)
City
Country
Subject *
Comment *
Notify me of further comments


Please click post only once - your comment will not be published immediately.


MORE FROM ARABIANBUSINESS.COM

SHARE PRICE CHECK

RELATED STORIES

Dubai Aerospace Enterprise (DAE)
| 52 stories
  1. A flying start
  2. Cityscape

RELATED LINKS

  1. Dubai Aerospace Enterprise (DAE)»

 EMAIL ALERTS

  1. Dubai Aerospace Enterprise (DAE)

  2. Transportation


CURRENCY CONVERTOR

Tell us your story

READER COMMENTS

  1. Dubai developers see negative press reports decline 07
    23 Nov ' 09 at 20:40
    Someone just said she'll never invest again in Dubai, that's because you don't have anything to invest anymore. Your impetuosity proved...   More  »
  2. Why I h8 junk txts 06
    23 Nov ' 09 at 22:23
    I have to disagree with the comment about junk mail in the UK. We registered with the Mail Preference Service (and Phone Preference...   More  »
  3. Fewer drivers killed on Dubai roads last year 04
    23 Nov ' 09 at 15:21
    Hi Mick, can I make a suggestion. If you travel with someone, then let him video this driver with your mobile. You can pass that onto...   More  »

Read all user comments >

Gitex 2009

MORE FROM ARABIANBUSINESS.COM