Dubai’s DAE inks pacts to sell 16 aircraft for $900 mln

31/05/2018 Argaam

 

Dubai Aerospace Enterprise (DAE) Ltd's leasing division DAE Capital has signed three agreements to sell 16 aircraft with a total market value of $900 million, it said in a statement on Wednesday.

 

The aircraft covered by these agreements include Boeing 737 and Airbus A320, A330, and A350 family aircraft, have an average age of two years and are currently on lease to 11 airlines in 11 countries.

 

These agreements are expected to close in the second half of 2018, the statement added.

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