Dubai's DAE in negotiation on Boeing, Airbus orders | Reuters

State-owned Dubai Aerospace Enterprise (DAE) was "in negotiation" with Boeing (BA.N) and Airbus (EAD.PA) regarding its aircraft orders, the emirate's finance chief said on Thursday.

"It's in negotiation," said Abdelrahman al Saleh director general of Dubai's Department of Finance, when asked on a recent report by a French daily saying DAE may be forced to renegotiate some 220 aircraft orders due to the emirate's financial woes. [ID:nLDE65R0M1]