Dubai Aerospace Enterprise to acquire 64 Boeing 737 MAX aircraft

Dubai Aerospace Enterprise to acquire 64 Boeing 737 MAX aircraft

Image credit: Dubai Media Office

Dubai Aerospace Enterprise (DAE) has announced that an affiliate had signed a definitive agreement to acquire the rights, interests and obligations of a portfolio of 64 Boeing 737 MAX aircraft from a wholly-owned subsidiary of China Aircraft Leasing Group Holdings (CALC).

The portfolio includes 737-8, 737-9 and 737-10 variants, reported Dubai Media Office. Delivery of the aircraft is scheduled to occur between 2023 and 2026. Terms of the transaction were not disclosed.

The Boeing 737 MAX airplane family delivers enhanced efficiency, improved environmental performance and increased passenger comfort to the single-aisle market.

Powered by CFM International LEAP-1B engines and advanced technology winglets, the Boeing 737 MAX reduces fuel use and emissions by 20 per cent compared to airplanes it replaces.

The 737-10 is the largest model in the Boeing 737 MAX family and can seat up to 230 passengers in a single-class configuration, flying up to 3,300 miles. The fuel-efficient jet can cover 99 per cent of single-aisle routes.

.@dubaiaerospace to acquire order book of 64 Boeing 737 MAX aircraft from CALC. https://t.co/tNsMCjBtfa #Dubai pic.twitter.com/nq0yBDU2lU

— Dubai Media Office (@DXBMediaOffice) August 14, 2023

DAE’s chief executive officer, Firoz Tarapore commented: “We are delighted to be able to conclude this transaction with CALC