DAE signs long-term lease for 10 ATR72-600 aircraft with India’s Alliance Air

| DAE Capital

DAE Capital

DAE signs long-term lease for 10 ATR72-600 aircraft with India’s Alliance Air

Dubai, U.A.E., May 1, 2017 – Dubai Aerospace Enterprise (DAE) Ltd. today announced it has signed long-term lease agreements for 10 ATR 72-600 aircraft with Alliance Air, a wholly owned subsidiary of Air India Limited. The aircraft are scheduled to deliver throughout 2017 and will be used to grow Alliance’s network and to serve underserved or unserved airports throughout India as part of the Indian Government’s focus on regional air access through the Regional Connectivity Scheme (RCS). Alliance Air is one of five airlines selected to serve routes under this scheme.

Firoz Tarapore, Chief Executive Officer of DAE said, “We are delighted to welcome Alliance Air as our newest customer. DAE is pleased to support Alliance Air’s growth ambitions and its efforts to be the first airline to start operations under the Regional Connectivity Scheme. DAE commends India’s government for introducing the Regional Connectivity Scheme which should further promote regional growth and make flying affordable for the masses.”

DAE is amongst the world’s leading lessors of ATR 72-600 aircraft and has 57 owned and committed ATR72-600s in its fleet.

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.

Press contact: press.office@dubaiaerospace.com

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