Dubai, U.A.E., 28 August 2017 – Dubai Aerospace Enterprise (DAE) Ltd. announced its leasing division DAE Capital placed two Boeing 777-300ER aircraft on long-term leases with Nordwind Airlines. These aircraft were on lease with EVA Airways.

Firoz Tarapore, Chief Executive Officer of DAE said, “We are very pleased to welcome Nordwind as our newest customer and look forward to starting a long-term, mutually beneficial relationship. Nordwind has undergone an impressive reorganization and are now expanding their customer network to meet strong customer demand.”

“This back-to-back placement from the current lessee of these aircraft further underscores DAE Capital’s impressive remarketing capabilities in a difficult market for used wide body aircraft. Using our network of six offices and 140 professionals, DAE Capital continues to find opportunities to place aircraft with airline clients with growth ambitions. In addition to its fleet of owned aircraft, DAE Capital currently manages over 40 aircraft on behalf of investors and is looking to double the size of its managed portfolio in 2018”, added Mr. Tarapore.

Mr. Oguz Senol Yuce, Deputy General Director, Fleet & Technical, Member of Board of Directors, Nordwind Airlines said, “We are honored to celebrate the delivery of the first 777-300ER Nordwind airplane, and we will continue to extend our fruitful partnership with DAE over the years. We truly value the confidence DAE has demonstrated throughout this time, the period of returning Nordwind to its original fleet size.”

“This delivery not only marks a milestone in our relationship with DAE, but also signals modernization of our world-class fleet and enhancement of competitiveness of our ultra-long-haul routes. The world's most elite airlines fly the 777s, and I'm sure our passengers will notice the difference from the moment they step onboard”, Mr. Yuce added.