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Sat 13 Aug 2016 12:20 AM

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Oman Air signs aircraft leaseback deal with Dubai's DAE

Delivery of two new B737-800 aircraft is part of carrier's fleet and network expansion plan

Oman Air signs aircraft leaseback deal with Dubai's DAE

Oman Air has said it has signed a letter of intent with Dubai Aerospace Enterprise Ltd for the sale and leaseback of two new B737-800 aircraft.

The first of the two aircraft was delivered in July and the second is expected to arrive at Muscat later this month as part of the carrier's fleet and network expansion plan.

Under Oman Air's expansion programme, launched late 2014, the national carrier of Oman is looking to grow its fleet size to 70 aircraft by 2020.

Since October 2014, Oman Air has received 12 new B737s and each is currently deployed on routes from Muscat to destinations in the GCC region, in the wider Middle East and on the South Asian sub-continent.

Abdulrahman Al-Busaidy, deputy CEO and chief commercial officer, of Oman Air, said: "Our B737 aircraft serve as the backbone of our fleet and we are extremely pleased to have agreed the sale and leaseback arrangement with Dubai Aerospace Enterprise.

"On behalf of Oman Air, I would like to thank DAE's highly professional team of experts. We now look forward to welcoming our customers aboard these brand-new B737-800 airliners."

Dubai Aerospace Enterprise Ltd holds an aircraft leasing portfolio of 76 aircraft worth about $4 billion.

Firoz Tarapore, CEO of Dubai Aerospace Enterprise, added: "As a world leader in aircraft leasing, Dubai Aerospace Enterprise is delighted to have agreed this sale and leaseback agreement with Oman Air. The airline is expanding at an impressive rate and we look forward to working with Oman Air again, should future opportunities arise."

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