Picture used for illustrative purpose. File
Dubai Aerospace Enterprise (DAE) on Tuesday announced that it had entered into an agreement to acquire 15 Boeing 737 MAX 8 aircraft. The order is valued at approximately US$1.8 billion at list prices.
Firoz Tarapore, Chief Executive Officer of DAE, said, "We are delighted to deepen our already strong relationship with Boeing. Including this order, we own and manage 162 Boeing aircraft. An increasing number of global aviation regulators are returning the MAX to the skies. We are confident in the success of these aircraft as domestic and regional air travel is seeing strong signs of recovery."
DAE, a long-term Boeing partner, has 162 Boeing aircraft in its fleet. The 737 MAX 8 is a member of the 737 MAX family designed to offer more fuel efficiency, reliability, and flexibility in the single-aisle airplane market. DAE recently announced an agreement to deliver 18 737 MAX 8 aircraft to American Airlines.
"DAE has been instrumental in helping its customers realise the operating economics and environmental performance of the 737-8. We are delighted that they have come back to add more 737 aircraft to its growth plan as it positions itself for the recovery in commercial passenger traffic," said Ihssane Mounir, Boeing Senior Vice President of Commercial Sales and Marketing.
"We are honoured by DAE’s trust in the 737 family and we look forward to partnering with them to serve the fleet requirements of airlines around the world," he added.
With new, more fuel-efficient engines and improved aerodynamics, the 737-8 will use 16 percent less fuel and significantly reduce emissions per seat compared to airplanes it replaces. The jet can accommodate up to 178 passengers in a two-class configuration and fly 3,550 nautical miles (6,570 km), about 600 miles more than its predecessor. This additional capability will allow airlines to offer new and more direct routes to passengers.
Every airplane will feature the new Boeing Sky Interior, highlighted by modern sculpted sidewalls and window reveals, LED lighting that enhances the sense of spaciousness and larger pivoting overhead storage bins.
US carrier Southwest Airlines agreed to buy 100 additional Boeing 737 MAX planes, the companies announced on Monday, in a vote of confidence for the aircraft after a 20-month grounding.
Boeing failed to sell a single commercial airplane but saw orders for 108 planes canceled in April as a sharp drop in air travel erased any demand among airlines for new jetliners.
United Airlines and two other major US carriers said on Friday they will quickly repair more than 60 Boeing 737 MAX planes grounded early last month over an electrical problem that could have interfered with critical systems.
The UAE government is taking a lot of initiatives focusing on early education to develop advanced skills suited for the 4th Industrial Revolution
The UAE Circular Economy Council on Sunday approved 22 policies proposed by its subsidiary, the Circular Economy Policies Committee,
The US stock market is reeling from its worst first half of any year since 1970, with investors girding for a series of potential flashpoints in July that may set Wall Street’s course for the coming months.