DAE completes placement of Boeing 737 MAX 8 orderbook

| DAE Capital | DAE Group

Arabic version

Dubai, U.A.E., 19 January 2022 – Dubai Aerospace Enterprise (DAE) Ltd today announced that it had successfully completed the placement of 14 Boeing 737 MAX 8 aircraft with two long-standing customers. The order was placed with Boeing in March 2021.

Aeroméxico will receive 12 aircraft and Icelandair will receive 2 aircraft. Deliveries commenced in October 2021 and all aircraft are scheduled be to be delivered before the end of the first half of 2022.

Commenting on these transactions, Firoz Tarapore, Chief Executive Officer of DAE said, “We are very pleased to see the pace of recovery in air travel and the associated demand for these new technology, fuel efficient aircraft. We thank Aeroméxico and Icelandair, both long-term customers of DAE, for their ongoing trust in DAE and wish them much success with their new fleet additions.”

As of December 31, 2021, DAE had 153 Boeing aircraft in its fleet, including 30 Boeing 737 MAX 8 aircraft.

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About DAE

Dubai Aerospace Enterprise (DAE) Ltd. is a global aviation services company headquartered in Dubai. DAE serves over 170 airline customers in over 65 countries from its seven office locations in Dubai, Dublin, Amman, Singapore, Miami, New York and Seattle.

DAE’s award-winning Aircraft Leasing division has an owned, managed, committed and mandated to manage fleet of approximately 425 Airbus, ATR and Boeing aircraft with a fleet value exceeding US$16 billion. DAE’s Engineering division serves customers in Europe, Middle East, Africa and South Asia from its state-of-the-art facility accommodating up to 17 wide and narrow body aircraft. It is authorized to work on 13 aircraft types and has regulatory approval from over 25 regulators globally. More information can be found on the company’s web site at www.dubaiaerospace.com.

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