| DAE Capital | DAE Group
Dubai, U.A.E., 10 August 2026 – Dubai Aerospace Enterprise (DAE) Ltd (“DAE”), the global aviation services company, today announced that it has signed a purchase agreement with Saudia, the national flag carrier of the Kingdom of Saudi Arabia, for 4 new Boeing 777F aircraft and entered into long-term leases for these aircraft, delivering between October 2026 and May 2027.
Firoz Tarapore, Chief Executive Officer of DAE, commented, “We are pleased to announce a purchase-leaseback agreement for four Boeing 777F aircraft with Saudia. This transaction reflects our continued commitment to supporting our airline customers with high-quality, in-demand aircraft. These aircraft will support the airline’s expanding cargo operations and enhance its ability to serve key markets across its global network. We look forward to working with Saudia and wish them continued success.”
The Boeing 777F is a long-range, widebody freighter designed to deliver strong payload capability, operational efficiency, and reliability. The aircraft supports the transportation of a broad range of cargo across global markets and is widely used by leading cargo operators around the world. DAE currently owns, manages, and is committed to own over 1,000 aircraft, including more than 250 from Boeing, with plans to further expand its fleet to meet growing market demand.
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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 200 airline customers in over 80 countries from 8 office locations in Dubai, Dublin, London, Amman, Singapore, Miami, Seattle, and San Francisco.
DAE Capital is an award-winning aircraft lessor with an owned, managed, and committed fleet of approximately 1,000 Airbus, ATR, and Boeing aircraft, with a fleet value of US$35 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 24 wide and narrow body aircraft. It is authorized to work on 16 aircraft types and has regulatory approval from over 30 regulators globally.
More information can be found on the company’s website at www.dubaiaerospace.com.
For further information, please contact:
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