Boeing and Dubai Aerospace Enterprise (DAE) have announced the aircraft lessor is growing its 737 MAX portfolio with an order for 15 737-8 jets. DAE had been investing in the 737 MAX by buying jets from existing customers and leasing them back to the carriers. The new order is DAE’s first direct 737 MAX purchase from Boeing as it modernizes its portfolio for better economic and environmental performance.
The order will appear on Boeing’s Orders and Deliveries website once finalized.
The new purchase is DAE’s second investment in the 737 MAX in the past year. In the third quarter of 2020, the lessor signed an agreement with American Airlines to purchase and lease back 18 new 737-8 airplanes. Since the agreement, the lessor has delivered 17 of the jets to the U.S. carrier. DAE previously completed a similar purchase-leaseback deal with Brazilian carrier GOL for five 737-8s.
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.
Dubai Aerospace Enterprise (DAE) Ltd. today announced that it has delivered the first of 18 Boeing 737 MAX 8 aircraft to American Airlines as part of the Purchase and Leaseback agreement signed with American in the third quarter of this year. Delivery of the remaining aircraft is expected to be completed in the coming months.
Dubai Aerospace Enterprise (DAE) and ATR today announced a contract for the purchase of 40 ATR 72-600s, which includes firm orders for 20 aircraft and options for 20 additional ones. DAE is the largest aviation leasing firm in the Middle East with an aircraft portfolio of approximately $3.3 billion comprised of Boeing 737s, 777s, Airbus A320s and A330s. Today’s deal represents DAE’s first order for regional aircraft. The 20 firm aircraft are scheduled to deliver between2015 and 2018.
DAE-Dutch Antilles Express (Curacao) has been barred from flying to Venezuela due to safety concerns cited by the INAC. Venezuela is its main market. DAE will take legal action against INAC and will continue operations to other destinations including Miami and Orlando. The airline will also ask the government of Curacao to take similar actions against Venezuelan carriers according to this report by El Universal.
In other news, DAE is considering upgrading its McDonnell DC-9-83 (MD-83) fleet (operated by Falcon Air) with newer Airbus A319s or A320s. Falcon Air would acquire and operate the new aircraft for DAE.
Top Copyright Photo: Greg Drawbaugh/DRAW Decal. The Fokker 100s will also have to be replaced at some point. Fokker F.28 Mk. 0100 (Fokker 100) PJ-DAA (msn 11310) prepares to depart from St. Maarten. All other images below by DAE.
DAE-Dutch Antilles Express (Curacao) is expanding with new service to the United States. The airline starting on April 15 will add three new routes per Airline Route. This includes Aruba – Miami, Curacao – Orlando and Port-au-Prince – Miami.
Update: The airline suspended operations on August 24, 2013 and declared bankruptcy.
Copyright Photo: Tony Storck. Falcon Air Express operates this McDonnell Douglas DC-9-83 (MD-83) N120MN (msn 53120) for DAE in its colors. N120MN completes its final approach into Miami International Airport.
DAE-Dutch Antilles Express (Curacao) will add Miami on May 11. The Caribbean airline will add daily nonstop service between Curacao and Miami with this McDonnell Douglas DC-9-83 (MD-83) N120MN (msn 53120) operated by Falcon Air Express which also makes its return to MIA.
Copyright Photo: Cary Liao – AeroPX. N120MN completes the famous Maho Beach approach into Princess Juliana International Airport – St. Maarten International Airport (SXM).