Dubai Aerospace Enterprise (DAE) has today announced the singing of lease agreements with Hainan Airlines for four Boeing 737-8 MAX aircraft, which are scheduled for delivery in the fourth quarter of 2025 and the first quarter of 2026.
On Monday (November 4, 2024), Dubai Aerospace Enterprise Ltd. (DAE) announced the signing of lease agreements for four new Boeing 737-8 MAX airplanes with Hainan Airlines. The aircraft are scheduled for delivery during Q4 2025 and Q1 2026. Powered by efficient CFM LEAP-1B engines and sporting advanced technology winglets, the Boeing 737 MAX Family reduces fuel use and emissions by 20 percent compared to the aircraft it replaces. Currently, DAE owns, manages or has committed to a total of 500 aircraft, including 215 from Boeing.
In Monday’s announcement, DAE’s Chief Executive Officer, Firoz Tarapore, said,
“We are pleased to further strengthen our partnership with Hainan Airlines. This agreement reflects the strong relationship we’ve developed over the years, and we value their trust in DAE as we remain committed to meeting their evolving fleet needs. The addition of these state-of-the-art Boeing 737-8 aircraft will support Hainan Airlines’ growth and operational objectives. We wish them continued success and look forward to seeing the positive impact these aircraft will have on their expanding fleet, and to many more years of successful collaboration.”
Also commenting on the new lease agreements, Hainan Airlines’ CEO, Yu Chaojie, added,
“We appreciate DAE’s continued trust and support in Hainan Airlines. The strategic placement of these new Boeing aircraft into our fleet is an investment in our growth, and a testament to the enduring partnership we have built over time. By reducing the average age of our aircraft, the integration of these aircraft will significantly contribute to fleet modernization. We are not only enhancing our operational efficiency but also optimizing cost structure, improving fuel efficiency, and reducing maintenance costs, which are critical factors in today’s competitive aviation market.”
Dubai Aerospace Enterprise (DAE) Limited is a global aviation services company headquartered in Dubai, and operates two divisions, namely DAE Capital and DAE Engineering. The company serves over 170 airlines in more than 65 countries from seven offices in Dubai, Dublin, Amman, Singapore, Miami, New York and Seattle. DAE’s award-winning leasing division has an owned, managed, and committed fleet of approximately 500 Airbus, ATR and Boeing aircraft valued at over US $18 billion. The company’s Engineering division serves customers in Europe, the Middle East, Africa and Asia from their state-of-the-art facility which can accommodate up to 17 widebody and single aisle aircraft. DAE is authorized to work on 15 aircraft types and has regulatory approval from over 25 global regulators.
Source: Dubai Aerospace Enterprise Ltd. (DAE)
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