DAE Announces Purchase and Leaseback Agreement with United for 10 New Boeing 737-9 Aircraft - Middle East Business News and Information
Firoz Tarapore, Chief Executive Officer of DAE, commented, 'We are delighted to continue building on our valued relationship with United. Today's announcement of the purchase-lease back agreement of 10 Boeing 737-9 aircraft follows our recent acquisition of an Airbus A321neo on lease to United, and reflects our continued commitment to the North American market. We congratulate United on their continued success and look forward to further strengthening our partnership in the years ahead.'
The 737‑9 is a member of the Boeing 737 MAX family, designed to deliver enhanced efficiency, improved environmental performance, and increased passenger comfort to the single-aisle market. Powered by CFM International LEAP-1B engines and incorporating advanced technology winglets, the 737 MAX offers excellent economics. The airplane family reduces fuel use and emissions by 20% compared to jets it replaces. DAE currently owns, manages, and is committed to own or manage a total of 750 aircraft, including 225 from Boeing, with plans to further expand its fleet to meet growing market demand.
About DAE:
Dubai Aerospace Enterprise DAE Ltd is a globally recognized aviation services corporation with two divisions: DAE Capital and DAE Engineering. Headquartered in Dubai, DAE serves over 200 airline customers in over 85 countries from its seven office locations in Dubai, Dublin, Limerick, Amman, Singapore, Miami, and Seattle.
DAE Capital is an award-winning aircraft lessor with an owned, managed, and committed fleet of approximately 750 Airbus, Boeing, ATR, and Embraer aircraft with a fleet value of US$22 billion. DAE Engineering provides regional MRO services to customers in Europe, Middle East, Africa, and South Asia from its state-of-the-art facility in Amman, Jordan, accommodating up to 22 wide and narrow body aircraft. It is authorized to work on 15 aircraft types and has regulatory approval from over 25 regulators globally.
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DAE Announces Purchase and Leaseback Agreement with United for 10 New Boeing 737-9 Aircraft - Middle East Business News and Information
Dubai Aerospace Enterprise DAE Ltd 'DAE', the global aviation services company, today announced that it has signed a purchase agreement with United Airlines for 10 new Boeing 737-9 aircraft and entered into long-term leases for these aircraft delivering between August 2025 and February 2026. Firoz Tarapore, Chief Executive Officer of DAE, commented, 'We are delighted to continue building on our valued relationship with United. Today's announcement of the purchase-lease back agreement of 10 Boeing 737-9 aircraft follows our recent acquisition of an Airbus A321neo on lease to United, and reflects our continued commitment to the North American market. We congratulate United on their continued success and look forward to further strengthening our partnership in the years ahead.' The 737‑9 is a member of the Boeing 737 MAX family, designed to deliver enhanced efficiency, improved environmental performance, and increased passenger comfort to the single-aisle market. Powered by CFM International LEAP-1B engines and incorporating advanced technology winglets, the 737 MAX offers excellent economics. The airplane family reduces fuel use and emissions by 20% compared to jets it replaces. DAE currently owns, manages, and is committed to own or manage a total of 750 aircraft, including 225 from Boeing, with plans to further expand its fleet to meet growing market demand. About DAE: Dubai Aerospace Enterprise DAE Ltd is a globally recognized aviation services corporation with two divisions: DAE Capital and DAE Engineering. Headquartered in Dubai, DAE serves over 200 airline customers in over 85 countries from its seven office locations in Dubai, Dublin, Limerick, Amman, Singapore, Miami, and Seattle. DAE Capital is an award-winning aircraft lessor with an owned, managed, and committed fleet of approximately 750 Airbus, Boeing, ATR, and Embraer aircraft with a fleet value of US$22 billion. DAE Engineering provides regional MRO services to customers in Europe, Middle East, Africa, and South Asia from its state-of-the-art facility in Amman, Jordan, accommodating up to 22 wide and narrow body aircraft. It is authorized to work on 15 aircraft types and has regulatory approval from over 25 regulators globally.
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Emirates NBD Signs UN Women's Empowerment Principles, Reinforcing Commitment to Women's Leadership - Middle East Business News and Information
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The WEPs offer guidance to businesses on advancing gender equality and empowering women in the workplace, marketplace, and community. Developed by UN Women and the UN Global Compact, the WEPs are aligned with international labor and human rights standards and emphasise the role businesses play in fostering gender equality. By joining the WEPs, Emirates NBD reaffirms its commitment to the 2030 Agenda for Sustainable Development and the United Nations Sustainable Development Goals, working collaboratively with other stakeholders to promote business practices that empower women. About Emirates NBD: Emirates NBD (DFM: Emirates NBD) is a leading banking group in the MENAT (Middle East, North Africa and Türkiye) region with a presence in 13 countries, serving over 9 million active customers. As at 31st March 2025, total assets were AED 1 trillion, (equivalent to approx. USD 272 billion). The Group has operations in the UAE, Egypt, India, Türkiye, the Kingdom of Saudi Arabia, Singapore, the United Kingdom, Austria, Germany, Russia and Bahrain and representative offices in China and Indonesia with a total of 839 branches and 4,539 ATMs / SDMs. Emirates NBD is the leading financial services brand in the UAE with a Brand value of USD 4.54 billion. Emirates NBD Group serves its customers (individuals, businesses, governments, and institutions) and helps them realise their financial objectives through a range of banking products and services including retail banking, corporate and institutional banking, Islamic banking, investment banking, private banking, asset management, global markets and treasury, and brokerage operations. The Group is a key participant in the global digital banking industry with 97% of all financial transactions and requests conducted outside of its branches. The Group also operates Liv, the lifestyle digital bank by Emirates NBD, with close to half a million users, it continues to be the fastest-growing bank in the region. Emirates NBD contributes to the construction of a sustainable future as an active participant and supporter of the UAE's main development and sustainability initiatives, including financial wellness and the inclusion of people of determination. Emirates NBD is committed to supporting the UAE's Year of Sustainability as Principal Banking Partner of COP28 and an early supporter to the Dubai Can sustainability initiative, a city-wide initiative aimed to reduce use of single-use plastic bottled water.
