Monday, 27 August 2018

Exclusive: Dubai Aerospace Enterprise to double fleet by 2030, CEO says - The National

Exclusive: Dubai Aerospace Enterprise to double fleet by 2030, CEO says - The National:

Dubai Aerospace Enterprise, the Middle East’s biggest aircraft lessor, plans to double its fleet over the coming decade from 375 planes, as it expands after the acquisition of Ireland’s Awas last August, its chief executive said.

Dubai government-owned DAE is in talks with plane makers Boeing and Airbus for a potential multibillion dollar order of around 400 narrow-body jets, said Firaz Tarapore.

“If you look at where we are today size-wise and in terms of industry evolution – the technology changes going through the fleets – we have to sell about 300 aircraft and buy about 500 new aircraft over the next eight to 10 years,” he said.

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