DAE delivers 18 new Boeing 737 MAX 8 to American Airlines

DUBAI: Global aviation services Dubai Aerospace Enterprise (DAE) Ltd. announced it had substantially completed the agreement with American Airlines signed in the third quarter of 2020 to deliver 18 new Boeing 737 MAX 8 aircraft.

Firoz Tarapore, Chief Executive Officer of DAE, said the company is delighted to see an increasing number of global aviation regulators returning the MAX to the skies.

“This transaction reflects our agility, our balance sheet strength, our underwriting capability, our ability to assist one of our long-term customers and our belief in the product strength of the 737 MAX 8 aircraft. We are delighted to see an increasing number of global aviation regulators return the MAX to the skies. We wish American and Boeing great success,” he said.

Boeing 737 MAX aircraft was grounded for two years following two separate fatal crashes in Indonesia and Ethiopia.

Ihssane Mounir, Senior Vice President of Commercial Sales and Marketing of The Boeing Company, noted, “DAE is putting their purchasing strategy and growth plan in action and helping operators during this challenging time in our industry. We are delighted to once again partner with DAE to support a valued customer such as American Airlines and we are honored by their trust and confidence in the Boeing 737 family.”

The Dubai-based DAE serves over 170 airline customers in over 65 countries from its seven office locations in Dubai, Dublin, Amman, Singapore, Miami, New York and Seattle. The company’s Aircraft Leasing Division owns and manages a fleet of about 425 Airbus, ATR and Boeing aircraft with value exceeding US$16 billion.