Manufacturing Industry

DAE reports acquisition of three aircraft ordered by Kingfisher Airlines

Airline Industry Information, Oct 20, 2008

AIRLINE INDUSTRY INFORMATION-(C)1997-2008 M2 COMMUNICATIONS LTD

Dubai Aerospace Enterprise (DAE), global aerospace, manufacturing and services corporation, has announced that it has acquired three Airbus aircraft ordered by Kingfisher Airlines under a sale and leaseback agreement.

The aircraft leasing and financing sector, DAE Capital, has completed the acquisition of three Airbus A330-200 wide-body aircraft, which Kingfisher Airlines ordered from Airbus. The delivery was completed in August 2008.

DAE Capital, which is headquartered in Dubai, currently has 33 aircraft on its books, with an additional 200 Airbus and Boeing aircraft on order, with deliveries commencing in 2010.

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