DAE Leases five Boeing 787-9 Dreamliners to Gulf Air

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Dubai, U.A.E., 13 November 2017 – Dubai Aerospace Enterprise (DAE) Ltd announced its leasing division, DAE Capital, and Gulf Air, the Kingdom of Bahrain’s national carrier, have today signed an aircraft lease agreement for five Boeing 787-9 Dreamliner aircraft that are scheduled to enter the Gulf carrier’s fleet in 2018. These modern, fuel efficient planes will help Gulf Air expand its network, facilitating the long-term expansion of the airline's future network requirement.

Dubai Aerospace Enterprise’s Chief Executive Officer, Firoz Tarapore said: “We are pleased to be in a position to support Gulf Air’s fleet strategy as they look to develop their route offering. Leasing these state of the art new technology aircraft underlines Dubai Aerospace Enterprise’s ability to work across the asset spectrum and help customers with varying fleet requirements. We look forward to supporting Gulf Air as it continues to grow.”

Gulf Air Deputy Chief Executive Officer, Captain Waleed Abdulhameed Al Alawi commented on the agreement: “Our agreement with Dubai Aerospace Enterprise, sees Gulf Air gear up for a landmark moment in our history as we welcome five Boeing 787-9 Dreamliners in the coming months. The incoming aircraft represent an important step in our strategic direction towards furthering Gulf Air’s fleet modernization process, enhancing passenger comfort and broadening our network as we look to strengthen our presence across the globe.”

*ENDS*


About DAE
Dubai Aerospace Enterprise (DAE) Ltd. is a globally recognized aerospace corporation and one of the largest aircraft leasing companies in the world. Headquartered in Dubai, DAE’s leasing and engineering divisions serve over 125 airline customers around the world from its seven locations in Dubai, Dublin, Amman, Singapore and the US. DAE’s award-winning leasing division DAE Capital has an owned, managed and committed fleet of nearly 400 Airbus, ATR and Boeing aircraft with a fleet value of US$ 14 billion. More information can be found on the company’s web site at www.dubaiaerospace.com.

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Alec Elliott +353 87 187 9161
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Arne Bevaart +971 4 428 9591
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