Dubai Aerospace orders 15 Boeing 737 MAX airplanes worth $1.8 billion

Dubai Aerospace orders 15 Boeing 737 MAX airplanes worth $1.8 billion

DUBAI — Dubai Aerospace Enterprise (DAE) on Tuesday announced that it had entered into an agreement to acquire 15 Boeing 737 MAX 8 aircraft. 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.

"DAE has been instrumental in helping its customers realize the operating economics and environmental performance of the 737-8. We are delighted that they