Turkish carriers tap DAE for Boeing newbuilds: UAE’s Dubai Aerospace Enterprise (DAE) has inked a long-term lease contract for 10 new Boeing 737-8 jets with Turkey’s flagship airline Turkish Airlines and its budget carrier subsidiary AJet, according to a statement. The aircraft are scheduled for delivery in 2026 and 2027. The value of the agreement was not disclosed.

We knew this was coming: Turkish Airlines signed an agreement back in 2024 with DAE to lease ten Boeing 737-8 aircraft slated for delivery in 2025.

DATA POINT- Currently, DAE owns, manages, and has orders for a total of 236 Boeing planes, with a wider fleet of a total of 750 aircraft valued at USD 22 bn.

DAE’s showed no sign of slowing down leases: DAE delivered all 10 Boeing 737-9 jets to United Airlines under a sale-and-leaseback agreement inked back in July. DAE inked agreements to offload 75 air carriers — with US-based aircraft lessor Azorra taking over 49 jets back in May. Prior to this, the aircraft leasing company acquired 17 used aircraft for USD 1 bn in March.

REMEMBER- DAE is expanding its portfolio through a mix of firm acquisitions and purchases of used and new jets. The company finalized its full acquisition of Ireland-based Nordic Aviation Capital for an enterprise value of USD 2 bn earlier in May and has committed to acquiring an additional 100 aircraft from Airbus, Boeing, and ATR.

Tags: