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Dubai Aerospace Enterprise orders 15 Boeing 737 Max jets

DUBAI Aerospace Enterprise (DAE) has ordered 15 of Boeing 737 Max jets, demonstrating demand is increasing for the troubled aircraft, reports Bloomberg

28 April 2021 - 19:00
DUBAI Aerospace Enterprise (DAE) has ordered 15 of Boeing 737 Max jets, demonstrating demand is increasing for the troubled aircraft, reports Bloomberg.

The order for the Max 8 variant is worth US$1.8 billion, representing the first direct acquisition of the plane by the Middle East's biggest lessor.



The order may suggest that the Max has turned a corner with leasing firms. The model has recently seen interest from carriers after its return to service following two fatal crashes.



Leasing companies such as AerCap Holdings, Avolon, and SMBC Leasing Co cancelled or delayed Max deliveries in 2020 as the Covid crisis prompted crippling travel bans.



DAE's previous Max purchases came from sale and leaseback deals. The Max has also been approved to return to flight in most major markets, with India and China being exceptions.


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