Arabic Press Release

Dubai Airshow 2007 , 12 November, 2007

DAE SIGNS PROPOSAL FOR ACQUISITON AIRBUS AIRCRAFT
DAE Capital deal for 100 new Airbus

Dubai Aerospace Enterprise (DAE), the global aerospace, manufacturing and services corporation, has today signed a $13.5 billion letter of intent with Airbus for the purchase of up to 100 aircraft. The price incorporates an associated deal with Rolls-Royce for its Trent XWB engines to power the A350 XWBs, worth some $1.2 billion at list prices.

HH Sheikh Ahmed bin Saeed Al-Maktoum, Chairman of DAE, said: “We are confident that DAE Capital will quickly become a leader in the aircraft leasing business, and this deal underlines that confidence.”

DAE Capital, the group’s aircraft leasing, and financing business, is expanding its fleet with the purchase of 70 aircraft from A320 family and 30 A350 XWBs. Deliveries will start in 2013 and conclude in 2022.

“In six short months DAE Capital has built a business from scratch through its strong management team and clear vision of becoming one of the top leasing companies globally. The letter of intent signed today confirms our seriousness about accomplishing this in the near future,” stated DAE Group Managing Director, Dr. Omar bin Suleiman

Bob Genise, DAE Capital CEO, said: “I am delighted to confirm this significant investment with Airbus, which will drive the presence of DAE Capital in the future leasing market. This agreement will help us meet the demand for new aircraft, particularly in the Middle East and Asia, over the next decade and more. We are perfectly placed to secure our position by taking advantage of the significant growth of the aviation industry within this region and other emerging global markets.” Headquartered in Dubai, DAE Capital aims to quickly establish itself as a world-class aircraft leasing business, with the aim of becoming one of the top aircraft leasing companies in the world.

Tom Enders, Airbus President and CEO, said: “This agreement is a tremendous endorsement of Airbus aircraft. We are delighted DAE Capital has chosen to base its fleet on our products and we look forward to a long term partnership. DAE’s cluster of aerospace services allows customers to benefit from a world-class knowledge and service pool that is unique in aircraft leasing. The A320 really is the world’s leading aircraft in its category and so is the A350 XWB in its class.”