Order valued at approximately $1.8 billion
Dubai Aerospace Enterprise (DAE) Ltd. has announced that it has entered into an agreement to acquire 15 Boeing 737 MAX 8 aircraft from Boeing. The order is valued at approximately $1.8 billion at list prices.
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 is seeing strong signs of recovery."
DAE, a long-term Boeing partner, has 162 Boeing aircraft in its fleet. The 737 MAX 8 is a member of the 737 MAX family designed to offer more fuel efficiency, reliability, and flexibility in the single-aisle airplane market.
DAE recently announced an agreement to deliver 18 737 MAX 8 aircraft to American Airlines.
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.”
With new, more fuel-efficient engines and improved aerodynamics, the 737-8 will use 16% less fuel and significantly reduce emissions per seat compared to airplanes it replaces.
The jet can accommodate up to 178 passengers in a two-class configuration and fly 3,550 nautical miles (6570 km), about 600 miles more than its predecessor. This additional capability will allow airlines to offer new and more direct routes to passengers.