SEATTLE, April 20, 2021 /PRNewswire/ -- Boeing [NYSE: BA]
and Dubai Aerospace Enterprise (DAE) today announced the aircraft
lessor is growing its 737 MAX portfolio with an order for 15 737-8
jets. DAE had been investing in the 737 MAX by buying jets from
existing customers and leasing them back to the carriers. The new
order is DAE's first direct 737 MAX purchase from Boeing as it
modernizes its portfolio for better economic and environmental
performance.
The order will appear on Boeing's Orders and Deliveries website
once finalized.
Firoz Tarapore, Chief Executive
Officer of DAE, said: "We are delighted to deepen our already
strong relationship with Boeing. Including this order, we own and
manage 162 Boeing aircraft. An increasing number of global aviation
regulators are returning the MAX to the skies. We are confident in
the success of these aircraft as domestic and regional air travel
are seeing strong signs of recovery."
The new purchase is DAE's second investment in the 737 MAX in
the past year. In the third quarter of 2020, the lessor signed an
agreement with American Airlines to purchase and lease back 18 new
737-8 airplanes. Since the agreement, the lessor has delivered 17
of the jets to the U.S. carrier. DAE previously completed a similar
purchase-leaseback deal with Brazilian carrier GOL for five
737-8s.
"DAE has been instrumental in helping its customers realize the
operating economics and environmental performance of the 737-8. We
are delighted that they have come back to add more 737 aircraft to
its growth plan as it positions itself for the recovery in
commercial passenger traffic," said Ihssane
Mounir, Boeing senior vice president of Commercial Sales and
Marketing. "We are honored by DAE's trust in the 737 family and we
look forward to partnering with them to serve the fleet
requirements of airlines around the world."
The 737-8 is a member of the 737 MAX family which is designed to
offer more fuel efficiency, reliability and flexibility in the
single-aisle market. The airplane can fly 3,550 nautical miles –
about 600 miles farther than its predecessor – allowing airlines to
offer new and more direct routes for passengers. Compared to the
airplanes it replaces, the 737-8 also delivers superior efficiency,
using 16% less fuel and significantly reducing CO2
emissions and operating costs.
Boeing is the world's largest aerospace company and leading
provider of commercial airplanes, defense, space and security
systems, and global services. As a top U.S. exporter, the company
supports commercial and government customers in more than 150
countries, leveraging the talents of a global supplier base.
Building on a legacy of aerospace leadership, Boeing continues to
lead in technology and innovation, deliver for its customers and
invest in its people and future growth.
Dubai Aerospace Enterprise (DAE) Ltd. is a global aviation
services company headquartered in Dubai. DAE serves over 170 airline customers
in over 65 countries from its seven office locations in
Dubai, Dublin, Amman, Singapore, Miami, New
York and Seattle. DAE's
award-winning Aircraft Leasing division has an owned, managed,
committed and mandated to manage fleet of approximately 425 Airbus,
ATR and Boeing aircraft with a fleet value exceeding US$16 billion. DAE's Engineering division serves
customers in Europe, Middle East, Africa and South
Asia from its state-of-the-art facility accommodating up to
15 wide and narrow body aircraft. It is authorized to work on 13
aircraft types and has regulatory approval from over 25 regulators
globally. More information can be found on the company's web site
at www.dubaiaerospace.com.
Contact
Dana
Salloum
Boeing Communications
+971 50 228 9791
Dana.I.Salloum@boeing.com
Dmitry Krol
Boeing Communications
+1 206 661 2903
Dmitry.krol@boeing.com
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SOURCE Boeing