Aircraft lessor DAE inks agreement for 64 Boeing aircraft

DAE bolsters its Boeing fleet by acquiring Chinese order book: Regional aircraft lessor and aviation services firm Dubai Aerospace Enterprise (DAE) has acquired the rights, interests, and obligations of a portfolio of 64 Boeing 737 MAX aircraft from a China Aircraft Leasing Group Holdings Limited (CALC) subsidiary, according to a press release. The aircraft are slated for delivery in 2023. The financials of the transaction were not disclosed. The move is set to up the number of DAE-owned, managed, committed, and mandated-to-manage aircraft to approximately 550, valued at USD 20 bn, DAE’s statement explained.