Dubai, U.A.E., 13 November 2017 – Dubai Aerospace Enterprise (DAE) Ltd announced its leasing division, DAE Capital, and Gulf Air, the Kingdom of Bahrain’s national carrier, have today signed an aircraft lease agreement for five Boeing 787-9 Dreamliner aircraft that are scheduled to enter the Gulf carrier’s fleet in 2018. These modern, fuel efficient planes will help Gulf Air expand its network, facilitating the long-term expansion of the airline's future network requirement.

Dubai Aerospace Enterprise’s Chief Executive Officer, Firoz Tarapore said: “We are pleased to be in a position to support Gulf Air’s fleet strategy as they look to develop their route offering. Leasing these state of the art new technology aircraft underlines Dubai Aerospace Enterprise’s ability to work across the asset spectrum and help customers with varying fleet requirements. We look forward to supporting one of the Gulf Air as it continues to grow.”

Gulf Air Deputy Chief Executive Officer, Captain Waleed Abdulhameed Al Alawi commented on the agreement: “Our agreement with Dubai Aerospace Enterprise sees Gulf Air gear up for a landmark moment in our history as we welcome five Boeing 787-9 Dreamliners in the coming months. The incoming aircraft represent an important step in our strategic direction towards furthering Gulf Air’s fleet modernization process, enhancing passenger comfort and broadening our network as we look to strengthen our presence across the globe.”