Dubai Aerospace places $270m order for engines

17 November 2009

The company will take delivery in 2011.

Dubai Aerospace Enterprise (DAE) has ordered $270m of GE engines from CFM International to power 20 of its Airbus A320 aircraft.

CFM International is a joint venture between US conglomerate GE Aviation and French defence, security and aerospace group Safran.

DAE is scheduled to take delivery of the engines, which will be used in the A320 family aircraft, in early 2011.

All of the CFM56-5B engines on order have Tech Insertion configuration which gives operators a one per cent improvement in fuel consumption during the lifetime of the engine.

These 20 aircraft are part of 70 aircraft DAE ordered last year.

In June 2009, DAE secured a $450m loan from Citibank to finance the purchase of nine aircraft on order from Boeing.

The group’s aircraft leasing arm DAE Capital delivered the second of nine Boeing 777 aircraft to Emirates Skycargo, the freight division of Emirates Airline. An additional six aircraft will be delivered to Emirates between 2009 and 2014 (MEED 21:06:09).

DAE Capital has placed orders for a fleet of about 200 aircraft worth up to $27 billion.

A MEED Subscription...

Subscribe or upgrade your current package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.

Get Notifications