Dubai Aerospace Enterprise (DAE) has signed agreements to sell approximately 75 aircraft in a move aimed at streamlining its fleet and enhancing operational efficiency, the company announced on Wednesday.
The sale includes about 50 Embraer E-JETS to a specialist lessor and around 25 out-of-production aircraft to a financial investor. While financial terms were not disclosed, the agreements reflect DAE’s continued strategy to optimize its asset portfolio.
As part of the transaction, DAE will also provide lease, asset, and technical management services for the out-of-production aircraft sold to the financial investor. The deals are expected to reduce the average age of DAE’s passenger fleet and extend the remaining lease terms, improving the overall efficiency and stability of the company’s aircraft portfolio.
“These transactions will achieve multiple objectives by aligning our portfolio composition with our stated target aircraft types,”
said Firoz Tarapore, CEO of DAE.
“They enhance the overall fuel efficiency, age profile, and remaining lease term characteristics of the portfolio.”
Completion of the transactions remains subject to regulatory approvals and customary closing conditions.
DAE, a leading global aviation services company headquartered in Dubai, continues to position itself for long-term growth amid evolving market demands and a shifting industry focus on younger, more fuel-efficient fleets.
News Source: Emirates News Agency