DAE successfully completes transition of eight mid-life Airbus A330-200 aircraft  

Transactions add three new customers

Dubai, U.A.E., May 17, 2017 – Dubai Aerospace Enterprise (DAE) Ltd. announced it recently remarketed eight Airbus A330-200 aircraft from their first lessee, Emirates Airline, to three new lessees. These DAE owned aircraft with an average age of 16 years were placed on long-term leases with new airline customers in Canada, Egypt and Russia.

Firoz Tarapore, Chief Executive Officer of DAE said, “We are very pleased to welcome Air Transat (Canada), Air Leisure (Egypt) and iFly (Russia) as new customers and look forward to starting a long-term, mutually beneficial relationship. The placement of these 16-year old A330-200s in a difficult market for widebody aircraft demonstrates our in-house Marketing and Technical capabilities and enhances DAE’s position as a successful remarketing agent”.

About DAE

Dubai Aerospace Enterprise (DAE) Ltd is a globally recognized and award-winning aerospace company headquartered in Dubai. More information can be found on the company’s web site at www.dubaiaerospace.com.

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