Aicraft Lessor DAE Capital Signs Firm Order for 100 Airbus Aircraft

(July 15, 2008) -- DAE Capital, the aircraft leasing and financing division of Dubai Aerospace Enterprise (DAE), has signed a firm contract for the purchase of 30 Airbus A350-900 and 70 Airbus A320 aircraft. The contract follows a Memorandum of Understanding (MoU) signed at the Dubai air show in November 2007.

DAE Capital aims to become a leading lessor based in the Middle East. DAE Capital's parent company DAE is a fast developing global aerospace company with activities including airport development and operations, engineering, manufacturing and services.

"DAE Capital has built a business from ground-up and has made impressive progress since its launch. With our industry-experienced management team and well-defined road map DAE Capital will become one of the top leasing companies globally," stated Bob Genise, CEO of DAE Capital.

"DAE's order is a tremendous endorsement of our aircraft products and in Airbus and we thank them for this. The A350 XWB and the A320 products are leaders in their class. Airbus looks forward to building on this partnership in the years to come," said Tom Enders, Airbus President and CEO.

Source : Airbus

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