DAE delivers first of 5 new Boeing 787-9 Dreamliners to Gulf Air

| DAE Capital

DAE Capital

Dubai, U.A.E., 29 April 2018 – Dubai Aerospace Enterprise (DAE) Ltd. has announced that its leasing division, DAE Capital has delivered its first new Boeing 787-9 Dreamliner to Bahrain flag carrier Gulf Air. The delivery took place at the Boeing delivery center in Everett, USA.

DAE first announced the agreement to lease five Boeing 787-9 Dreamliners with PDP financing to Gulf Air in November of last year. The delivery of this aircraft is the first 787-9 to enter both Gulf Air’s fleet as well as DAE’s fleet.

Commenting on the deal, DAE Chief Executive Officer, Firoz Tarapore said: “Seeing this particular aircraft make a majestic preview presence during its fly-by at the Bahrain F1 Grand Prix was exhilarating, but seeing the first Dreamliner of this type now enter Gulf Air’s active fleet makes us particularly pleased. We look forward to Gulf Air’s successful integration of this aircraft type into its growing network”

The remaining four Dreamliners will be delivered to Gulf Air throughout this year.

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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.

For further information, please contact:

Alec Elliott +353 87 187 9161 | Arne Bevaart +971 4 428 9591 | press.office@dubaiaerospace.com