Dubai's DAE to spend $1 billion for more aircraft

Dubai's DAE to spend $1 billion for more aircraft

Aviation firm is busy picking up more aircraft in secondary market deals

DAE bolsters fleet with US$1 billion investment in next-generation aircraft

Dubai Aerospace Enterprise (DAE), a prominent global aviation services corporation, has signed agreements to acquire 17 aircraft for a total consideration of approximately US$1.0 billion. The newly acquired portfolio consists entirely of next-generation aircraft, with 89% being narrow-body models. Airbus accounts for 80% of the fleet, while Boeing makes up the remaining 20%. These aircraft are currently leased to 11 airlines across ten countries…