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DAE leases nine Boeing 777 freighters to Emirates

The forthcoming aircraft will be delivered between 2012 - 2015.
HH Sheikh Ahmed bin Saeed Al-Maktoum
HH Sheikh Ahmed bin Saeed Al-Maktoum

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DAE Capital, the aircraft leasing division of Dubai Aerospace Enterprise (DAE), has reached an agreement to lease nine new Boeing 777 Freighters on a long-term basis to Emirates Airline. These aircraft are from DAE’s order book with Boeing and will deliver in the 2012 – 2015 timeframe.

HH Sheikh Ahmed bin Saeed Al-Maktoum, Chairman and Chief Executive, Emirates Airline and Group, said: “This agreement ensures Emirates SkyCargo will receive a pipeline of new, state-of-the-art, freighter aircraft over the next four years. Emirates SkyCargo continues to build on its leadership position in the global cargo market and these aircrafts will play an important role in this growth.”

DAE Managing Director Khalifa H. AlDaboos said: “DAE is delighted to be able to further deepen its existing relationship with Emirates and deliver one of the most modern, technologically advanced freighter aircraft to assist Emirates as it seeks to serve increasing demand for global air cargo.”

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