DAE adds three new Boeing 777-200 Freighters to its growing fleet


Arabic Version

Dubai, U.A.E., 17 November 2013

Dubai Aerospace Enterprise (DAE) Ltd. took delivery of three new Boeing 777-200 freighters in 2013. All of the new 777-200 freighter aircraft have been placed under long-term lease agreements with Emirates Airline, a world-class carrier and one of the fastest growing airlines in the world. With the addition of the three new freighters in 2013, DAE has placed a total of ten 777-200 freighter aircraft with Emirates’ freight division, SkyCargo.

The 777-200 freighter provides the backbone of Emirates’ SkyCargo operations. The 777F aircraft is one of the most modern, technologically advanced freighters available and has the lowest fuel burn of any comparable sized aircraft.

DAE Managing Director Khalifa H. AlDaboos said: “We are delighted to support Emirates’ growth in the freighter market. DAE’s leasing portfolio continues to grow to meet the demands of airlines worldwide to increase capacity.”

DAE is the largest aircraft lessor in the Middle East as measured by net book value of its fleet as well as by annual revenue. The lessor specializes in operating leases, sale and leaseback of aircraft, aircraft sales, aircraft purchases and aircraft remarketing. DAE currently has a balanced fleet of modern, fuel-efficient aircraft including 737-700s, 737-800s, A319s, A320s, A330s, 777-300ERs, and 777Fs with a total net book value of approximately $3.3 billion. The aircraft are on lease to a geographically-diversified customer base made up of some of the world’s top airlines, such as Emirates.

Dubai Aerospace Enterprise (DAE) Ltd is a globally recognized aerospace company specializing in maintenance, repair and overhaul (MRO) services, aircraft completions and aircraft leasing. The Company is headquartered in Dubai and operates in four continents and employs over 4,000 people. More information can be found on the company’s web site at www.dubaiaerospace.com.

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