DAE takes delivery of its first Boeing 737 MAX aircraft

Dubai, U.A.E., 1 July 2018 – Dubai Aerospace Enterprise (DAE) Ltd. announced that its leasing division, DAE Capital has taken delivery of its first new Boeing 737 MAX 8 aircraft on lease to Gol Linhas Aéreas, Brazil’s largest airline by passengers carried. The delivery took place at the Boeing delivery center in Renton, USA.

In addition to being the first MAX aircraft to enter the DAE fleet, this delivery marks the first MAX aircraft to deliver to GOL and the first MAX aircraft to enter the fleet in Brazil. The transaction is part of a five-aircraft purchase-leaseback transaction with GOL. The delivery of this aircraft continues the evolution of the DAE fleet strategy as we move from current technology to new generation technology such as the MAX, 787 and A350, providing our customers with better passenger comfort, operating economics and environmental friendliness.

GOL, one of Latin America’s most recognized low-cost carriers, is a long-standing DAE customer with 8 other aircraft on lease from DAE. Delivery of this new MAX aircraft will provide GOL with the latest in narrow-body aircraft technology, facilitating the modernization of their fleet. The remaining four MAX aircraft will be delivered to GOL throughout 2018.

Commenting on the delivery, DAE Chief Executive Officer, Firoz Tarapore said: “We are excited about the addition of the Boeing MAX 8 to our fleet and the benefits these cutting-edge aircraft will give our customers. DAE is also very pleased to work with our long-standing customer GOL to achieve a first delivery milestone for both our companies. These near-term Boeing deliveries fit well with our own fleet planning requirements, and we look forward to working alongside our customers to deliver these and other new technology in the years to come.”