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DAE confirms talks on to lease its Boeing 737 MAX 8

Business Dubai 24 Feb 21
DAE confirms talks on to lease its Boeing 737 MAX 8
Dubai Aerospace Enterprise is in talks with airlines about leasing the Boeing 737 MAX 8 in its fleet - days after UAE’s aviation regulator lifted its ban on the airplane.
Event Location
Dubai , Dubai
Start Time
24 February 2021, 12:00 AM
End Time
31 March 2021, 12:00 AM

Dubai Aerospace Enterprise has confirmed talks on to lease its Boeing 737 MAX 8. Despite the pandemic, it is keeping all options open to build fleet to 800 aircraft.

Firoz Tarapore, CEO of DAE said, “We are continuously in discussions to provide them with leasing solutions... and it is fair to say that a good number of these discussions are about the 737 MAX 8. Over time, we expect the 737 MAX 8 alongside the Airbus A320neo family to be the cornerstone of the DAE fleet.”

DAE had previously laid out plans to expand its fleet to 800 jets over the next five years or so. According to the company these plans are still very much on.

DAE expects travel demand to grow through 2021, particularly in the second-half. This will be driven by a significant ramp up in vaccinations.

“We would also add that there is significant pent-up consumer demand globally with consumer surveys indicting the flying public are eager to travel again once there is more confidence in safety and travel regulations,” said Tarapore. “This will underscore the near-term need for airlines to have the right number of aircraft on hand.”

Dubai Aerospace enterprise news 2021Dubai Aerospace Boeing 737 MAX 8

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