RIYADH: Dubai Aerospace Enterprise, or DAE, one of the world’s biggest plane leasing companies, has completed the order of 14 Boeing 737 MAX 8 aircrafts for two of its long-term customers in Mexico and Iceland.
The order was placed with Boeing back in March 2021.
As per DAE’s lease agreements, Mexico’s Aeroméxico is to receive 12 jets and Iceland’s Icelainder will receive two jets before the end of the first half of 2022.
The Dubai-based aviation firm, which is owned by sovereign wealth fund Investment Corporation of Dubai, had a total fleet of 153 Boeing aircrafts, with 30 units of Boeing 373 MAX 8 model, as of Dec. 31, 2021.
“We are very pleased to see the pace of recovery in air travel and the associated demand for these new technology, fuel efficient aircraft,” DAE’s chief executive officer Firoz Tarapore said in a statement, commenting on the placement.