Gulf Air will be receiving 5 Boeing 787-9 Dreamliners on lease from the leasing division of Dubai Aerospace Enterprise (DAE) Ltd. The lease agreement has been signed between Gulf Air and DAE Capital on the 13th of November. These aircraft are modern and fuel efficient. The transaction would facilitate Gulf Air’s long-term expansion programme.
All these five Dreamliners would start operating in 2018.
DAE Capital is the largest aircraft leasing firm in the Middle East. As of August 2017, DAE Capital has a fleet of approximately 400 owned, managed or committed aircraft with a net book value in excess of $14 billion, which are leased to various airlines around the world. In 2014, DAE announced a $1bn order of up to 40 ATR 72-600, to be delivered between 2015 and 2018.