Dubai's DAE said to be in talks to buy 400 aircraft

CEO Firoz Tarapore says interested in buying planes from both Airbus and Boeing
By Staff writer
Thu 17 May 2018 07:04 PM

Dubai Aerospace Enterprise (DAE) is reportedly in talks to buy 400 aircraft from Airbus and Boeing.

The company, which is government-controlled, is prepared to expand its fleet through acquisition if talks fall through, its CEO Firoz Tarapore told Reuters.

DAE is said to be interested in buying single-aisle Airbus A320neo-family and Boeing 737 MAX planes after its acquisition last year of Dublin-based lessor AWAS.

Any deal would not necessarily be evenly split between the two planemakers, Tarapore was quoted as saying, adding that any order was still to be finalised.

Reuters said an order for 400 single-aisle jets would be worth more than $40 billion at list prices, though discounts are common for large orders.

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Last Updated: Thu 17 May 2018 07:09 PM GST

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