DAE Signs Lease Agreements with Eastar Jet for Three New Boeing 737-8 Aircraft

Firoz Tarapore, Chief Executive Officer of DAE, said, “We are pleased to announce a new agreement with Eastar Jet, further strengthening and expanding our ongoing partnership. The addition of these three Boeing 737-8 aircraft to their fleet will support Eastar Jet’s growing network and the rising demand for affordable regional travel. We congratulate the Eastar Jet’s team on their continued success and look forward to many more years of successful collaboration.”

Cho Joong-seok, Chief Executive Officer of Eastar Jet, commented, “We are excited to expand our partnership with DAE through the addition of three new Boeing 737-8 aircraft. With over 20 destinations and plans for further growth, these new aircraft will play a key role in helping us meet customer expectations and enhance our service, reliability, and value. We appreciate DAE’s continued support as we work to strengthen our presence in the Asia-Pacific region as a competitive low-cost carrier.”

The Boeing 737 MAX offers enhanced efficiency, environmental performance, and passenger comfort to the single-aisle market. With advanced engines and aerodynamic features, it provides strong economic performance while reducing fuel consumption and emissions by 20% compared to previous models. DAE currently owns, manages, and is committed to own a total of 500 aircraft, including 215 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 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 of US$18 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. 

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