Dubai, U.A.E., 29 January 2024 – Dubai Aerospace Enterprise (DAE) Ltd (“DAE”) today announced that it has reached an agreement with Turkish Airlines for the lease of 10 new Boeing 737-8 aircraft. The aircraft are scheduled to deliver in 2025.
Commenting on the agreement, Firoz Tarapore, Chief Executive Officer of DAE, said, “We are delighted to further deepen our already strong and long-term relationship with Turkish Airlines and to provide them a solution to their growing fleet requirements with these new technology, fuel efficient aircraft. We thank Turkish Airlines for their ongoing trust in DAE and wish them much success with their new fleet additions.”
DAE currently owns, manages, and is committed to own a total of 96 737 MAX family aircraft.
* ENDS *
About DAE
Dubai Aerospace Enterprise (DAE) Ltd is a globally recognized aviation services corporation with two divisions: DAE Capital and DAE Engineering. 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 Capital is an award-winning aircraft lessor with an owned, managed, and committed fleet of approximately 500 Airbus, ATR and Boeing aircraft with a fleet value exceeding US$17 billion. DAE Engineering provides regional MRO services to customers in Europe, Middle East, Africa, and South Asia from its state-of-the-art facility in Amman, Jordan, accommodating up to 17 wide and narrow body aircraft. It is authorized to work on 15 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.
For further information, please contact:
| Media | Fixed Income Investors |
| Deion McCarthy | Deion McCarthy |
| +971 4 428 9576 | +971 4 428 9576 |
| press.office@dubaiaerospace.com | investorrelations@dubaiaerospace.com |