Business /

Dubai Aerospace Enterprise buys 10 Boeing 737-9s - leases back to United Airlines

Latest aircraft buy and lease is second deal for DAE with US airline

Last updated: July 28, 2025 | 09:56

Manoj Nair, Business Editor

1 MIN READ

Dubai Aerospace Enterprise adds to its aircraft fleet with latest Boeing 737 deal.

WAM

Dubai: The aviation firm DAE (Dubai Aerospace Enterprise) is buying 10 new Boeing 737-9s from United Airlines.

The UAE company has also entered long-term leases on these aircraft that will be delivered between next month and February 2026.

Also Read: Dubai plane lessor DAE secures $300 million unsecured term loan

"Today’s announcement of the purchase-lease back agreement of 10 Boeing 737-9 aircraft follows our recent acquisition of an Airbus A321neo on lease to United," said Firoz Tarapore, CEO of DAE.

This 'reflects our continued commitment to the North American market'.

Part of the Boeing 737 MAX family, the single-aisle aircraft carry CFM International LEAP-1B engines. They reduce fuel use and emissions by 20% compared to jets it replaces.

DAE is 'committed to own or manage a total of 750 aircraft, including 225 from Boeing'.

Manoj NairBusiness Editor

Manoj Nair, the Gulf News Business Editor, is an expert on property and gold in the UAE and wider region, and these days he is also keeping an eye on stocks as well. Manoj cares a lot for luxury brands and what make them tick, as well as keep close watch on whatever changes the retail industry goes through, whether on the grand scale or incremental. He’s been with Gulf News for 30 years, having started as a Business Reporter. When not into financial journalism, Manoj prefers to see as much of 1950s-1980s Bollywood movies. He reckons the combo is as exciting as it gets, though many will vehemently disagree.