Dubai Aerospace Enterprise (DAE), is in talks with Boeing and Airbus to place an order for a massive 400 aircraft valued around $40 billion at list prices.. according to Reuters.
Dubai Aerospace Enterprise’s CEO has told Reuters that the company is interested in buying single-aisle Airbus A320neo-family and Boeing 737 MAX, but the order will not be equally split between the Airbus and Boeing. DAE said to consider other options to buy new aircraft if it does not reach an agreement with Airbus or Boeing.
The UAE Government controlled – Dubai Aerospace Enterprise reached to top tier of aircraft lessors last year after it acquired Dublin-based Awas, the 10th-biggest aircraft leasing company at the time.
According to Reuters. “DAE was set up in 2006 with the aim of becoming one of the world’s biggest aircraft lessors, but started cancelling orders in 2010 as funds dried up following Dubai’s debt crisis.”