DAE successfully transitions two Boeing 777-300ER aircraft to Nordwind Airlines

DAE successfully transitions two Boeing 777-300ER aircraft to Nordwind Airlines

Dubai, U.A.E., 28 August 2017 – Dubai Aerospace Enterprise (DAE) Ltd. announced its leasing division DAE Capital placed two Boeing 777-300ER aircraft on long-term leases with Nordwind Airlines. These aircraft were on lease with EVA Airways.

Firoz Tarapore, Chief Executive Officer of DAE said, “We are very pleased to welcome Nordwind as our newest customer and look forward to starting a long-term, mutually beneficial relationship. Nordwind has undergone an impressive reorganization and are now expanding their customer network to meet strong customer demand.”

“This back-to-back placement from the current lessee of these aircraft further underscores DAE Capital’s impressive remarketing capabilities in a difficult market for used wide body aircraft. Using our network of six offices and 140 professionals, DAE Capital continues to find opportunities to place aircraft with airline clients with growth ambitions. In addition to its fleet of owned aircraft, DAE Capital currently manages over 40 aircraft on behalf of investors and is looking to double the size of its managed portfolio in 2018”, added Mr. Tarapore.

Mr. Oguz Senol Yuce, Deputy General Director, Fleet & Technical, Member of Board of Directors, Nordwind Airlines said, “We are honored to celebrate the delivery of the first 777-300ER Nordwind airplane, and we will continue to extend our fruitful partnership with DAE over the years. We truly value the confidence DAE has demonstrated throughout this time, the period of returning Nordwind to its original fleet size.”

“This delivery not only marks a milestone in our relationship with DAE, but also signals modernization of our world-class fleet and enhancement of competitiveness of our ultra-long-haul routes. The world’s most elite airlines fly the 777s, and I’m sure our passengers will notice the difference from the moment they step onboard”, Mr. Yuce added.

*ENDS*

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.

DAE Capital, the aircraft leasing division of DAE, is a leading global aircraft leasing company with an owned, managed and committed aircraft portfolio of nearly 400 aircraft leased to airline clients in nearly 60 countries from six offices in Dubai, Dublin, Singapore and the US.

For further information, please contact:

Alec Elliott +353 87 187 9161

or

Arne Bevaart +971 4 428 9591

Email: press.office@dubaiaerospace.com

About Nordwind Airlines

Nordwind along with its subsidiary is currently reinforcing its position as one of the most important Russian and international tourism operators. With its fleet of 34 aircraft, and a planned expansion up to 56 aircraft through 2018, Nordwind operates both scheduled and charter flights to nearly 37 countries and 110 destinations worldwide.