Dubai Aerospace orders 15 Boeing 737 MAX aircraft for $1.8 billion

Dubai Aerospace Enterprise (DAE) announced Tuesday that it has reached an agreement to acquire 15 Boeing 737 MAX 8 aircraft. The order is valued at approximately US$1.8 billion at list prices.

DAE Managing Director Firoz Tarapore said, “We are excited to deepen our already strong relationship with Boeing. Including this order, we own and manage 162 Boeing aircraft. A growing number of global aviation regulators are putting the MAX back in the sky. We are confident in the success of these aircraft as domestic and regional air travel shows strong signs of recovery.”

DAE, a long-time Boeing partner, has 162 Boeing aircraft in its fleet. The 737 MAX 8 is a member of the 737 MAX family designed to offer greater fuel efficiency, reliability and flexibility in the single-aisle airplane market. DAE recently announced an agreement to deliver 18 737 MAX 8 aircraft to American Airlines.

“DAE has been instrumental in helping our customers realize the operating economics and environmental performance of the 737-8. We are delighted that they have returned to add more 737 aircraft to their growth plan as they position themselves for the resurgence of commercial passenger traffic,” said Ihssane Mounir, Boeing senior vice president of Commercial Sales and Marketing.

“We are honored by DAE’s confidence in the 737 family and look forward to partnering with them to meet the needs of airline fleets around the world,” he added.

With new, more fuel-efficient engines and improved aerodynamics, the 737-8 will use 16 percent less fuel and significantly reduce emissions per seat compared to the aircraft it replaces. The jet can seat up to 178 passengers in a two-class configuration and travel 3,550 nautical miles (6,570 km), about 600 miles further than its predecessor. This additional capacity will allow airlines to offer new, more direct routes to passengers.

All airplanes will feature the new Boeing Sky interior, which features modern, sculpted sidewalls and windows, LED lighting that enhances the feeling of space and larger swivel overhead storage bins.