Dubai Aerospace Enterprise (DAE) has announced that its leasing division DAE Capital and Volga Dnepr owned airline AirBridgeCargo have entered into a purchase and leaseback agreement with PDP financing for three factory new Boeing 777 freighter aircraft.
The three aircraft will be the first of this type to enter AirBridgeCargo’s fleet in 2020.
Firoz Tarapore, DAE’s chief executive officer said: “We are delighted to welcome AirBridgeCargo as our newest customer and to be in a position to facilitate them with their fleet requirements as they expand their fleet diversification with this particular type. DAE Capital is the world’s largest lessor of 777F aircraft, and our long-term experience with this aircraft type helped in executing this agreement swiftly. We look forward to a long and rewarding relationship with AirBridgeCargo as they continue to grow their successful operations.”
DAE currently has 15 owned and committed Boeing 777 freighters.