LONDON – Aircraft lessor company Dubai Aerospace Enterprise (DAE) has announced today alongside Boeing that it will be increasing its 737 MAX portfolio with an order for 15 737-8 MAX aircraft. This is the first time that DAE has made a direct order for the 737 MAX from Boeing as it moves to modernize its fleet portfolio for a stronger economic and environmental performance.

This is now the second time the company has invested in the MAX program, in 2020 it made an agreement with U.S flag carrier American Airlines to purchase and leaseback 18 Boeing 737-8 MAX aircraft, since then it has delivered 17 of the originally agreed order number of jest to the airline, the delays have been caused by the Grounding of the MAX back in March 2019.

Firoz Tarapore, Chief Executive Officer of DAE, said: “We are delighted to deepen our already strong relationship with Boeing. Including this order, we own and manage 162 Boeing aircraft. An increasing number of global aviation regulators are returning the MAX to the skies. We are confident in the success of these aircraft as domestic and regional air travel are seeing strong signs of recovery.”

DAE is one of the biggest aviation leasing companies in the world, its headquarters are located in Dubai and the company services over 170 airline customers in 65 countries from its seven office locations in Dubai, Dublin, Amman, Singapore, Miami, New York and Seattle, the company manages a fleet of approximately 425 Airbus, ATR and Boeing aircraft with a combined total fleet value exceeding $16 Billion US dollars.

Ihssane Mounir, Boeing senior vice president of Commercial Sales and Marketing said: “DAE has been instrumental in helping its customers realize the operating economics and environmental performance of the 737-8. We are delighted that they have come back to add more 737 aircraft to its growth plan as it positions itself for the recovery in commercial passenger traffic, we are honoured by DAE’s trust in the 737 family and we look forward to partnering with them to serve the fleet requirements of airlines around the world.”