UAE – Mubasher: Dubai Aerospace Enterprise (DAE) has completed the agreement with American Airlines to deliver 18 new Boeing 737 MAX 8 aircraft.
The agreement was originally signed during the third quarter (Q3) of 2020, according to a recent press release.
In December 2020, DAE delivered the first of 18 Boeing 737 MAX 8 aircraft as part of the purchase and leaseback agreement.
Commenting on the completion of the agreement, the CEO of DAE, Firoz Tarapore, said: “This transaction reflects our agility, our balance sheet strength, our underwriting capability, our ability to assist one of our long-term customers and our belief in the product strength of the 737 MAX 8 aircraft.”
Meanwhile, the Senior Vice President of Commercial Sales and Marketing of The Boeing Company, Ihssane Mounir, remarked: “DAE is putting their purchasing strategy and growth plan in action and helping operators during this challenging time in our industry.”
