Dubai-based aircraft leasing firm Dubai Aerospace Enterprise (DAE) has signed a firm order for 20 ATR 72-600s and has optioned another 20 additional.
Manufacturer ATR and Dubai Aerospace Enterprise signed the purchase contract on February at the Singapore Airshow 2014.
DAE is the largest aviation leasing firm in the Middle East, boasting an aircraft portfolio of approximately $3.3 billion. Its portfolio is comprised of Boeing 737NG jets, Boeing 777s, Airbus A320s and Airbus A330s.
The February 12 deal represents DAE’s first order for regional airliners. The 20 ATR 72-600 turboprops on firm order are scheduled for delivery between 2015 and 2018.
“We aim to diversify our portfolio and expand into regional aircraft to meet an increasing demand from airlines that are developing regional air connectivity,” said Khalifa AlDaboos, managing director of DAE.
“ATRs are today operated by some 190 carriers all over the world, and this is clearly providing us with many potential opportunities to place this new fleet of regional aircraft,” added AlDaboos. “The low operating cost of the ATR 72-600 makes it a compelling choice for operators that need to offer a differentiated product on short-haul sectors.”
Through its two divisions, DAE Capital and DAE Engineering, Dubai Aerospace Enterprise provides aircraft leasing, maintenance, repair, and overhaul services to customers all over the world.
Formed in 2006, DAE has facilities in the United States, Canada, Europe, Asia, the Middle East and Australia. The company now generates annual revenue in excess of $2 billion and holds an aircraft portfolio of approximately $3.3 billion.
DAE is majority-owned by the Investment Corporation of Dubai. For additional information on DAE, visit www.dubaiaerospace.com.