DAE And CALC Reach Agreement For 64 Boeing 737 Max Jets

Dubai Aerospace Enterprise (DAE) confirms that an affiliate has inked an agreement to acquire the rights, interests, and obligations to 64 Boeing 737 Max aircraft from a subsidiary of China Aircraft Leasing Group Holdings Limited (CALC). The count includes units of 737-8, 737-9 and 737-10 derivatives. The delivery of the aeroplanes will be completed by 2026.

With this acquisition of aeroplanes, the percentage of new-gen aircraft in DAE’s fleet will increase from 50 to 66 per cent. Also, DAE’s owned, managed, committed, and mandated-to-manage aircraft fleet will bump to 550, valued at nearly USD 20 billion. The UAE-based firm says the transaction with CALC will likely be completed in the third quarter of this year.