DAE Capital, the aircraft leasing and financing division of Dubai Aerospace Enterprise (DAE), has signed a firm contract for the purchase of 30 Airbus A350-900 and 70 Airbus A320 aircraft. The contract follows a Memorandum of Understanding (MoU) signed at the Dubai air show in November 2007.
DAE Capital aims to become a leading lessor based in the Middle East. DAE Capital?s parent company DAE is a fast developing global aerospace company with activities including airport development and operations, engineering, manufacturing and services.
?DAE Capital has built a business from ground-up and has made impressive progress since its launch. With our industry-experienced management team and well-defined road map DAE Capital will become one of the top leasing companies globally,? stated Bob Genise, CEO of DAE Capital.
?DAE?s order is a tremendous endorsement of our aircraft products and in Airbus and we thank them for this. The A350 XWB and the A320 products are leaders in their class. Airbus looks forward to building on this partnership in the years to come,? said Tom Enders, Airbus President and CEO.
The A320 Family, which includes the A318, A319, A320 and A321, is recognized as the benchmark single-aisle aircraft family. Each aircraft features fly by wire controls and all share a unique cockpit and operational commonality across the range. Around 6,200 Airbus A320 Family aircraft have been sold and more than 3,500 delivered to some 280 customers and operators worldwide, making it the worlds best selling commercial jetliner ever. With proven reliability and extended servicing periods, the A320 Family has the lowest operating costs of any single aisle aircraft. Uniquely, the A320 Family offers a containerized cargo system, which is compatible with the world wide standard wide-body system.The A350 XWB (Xtra Wide-Body) Family is Airbus? response to widespread market demand for a series of highly efficient medium-capacity long-range wide-body aircraft. With a range of up to 8,300 nm / 15,400 km, it is available in three basic passenger versions: the A350-800 accommodating 270 passengers, the A350-900 seating 314, and the A350-1000 for 350 passengers
in a typical three-class layout.
The A350 has the widest fuselage in its category, offering unprecedented levels of comfort, the lowest operating costs and lowest seat mile cost of any aircraft in this market segment. Powered by two new generation Rolls Royce Trent XWB engines delivering each up to 92,000 lbs of thrust, the A350 XWB Family is designed to confront the challenges of high fuel prices, rising passenger expectations, and environmental concerns. Orders for the aircraft stand at more than 350 from over 20 customers.
Airbus is an EADS company.