Dubai Aerospace Enterprise (DAE) has signed lease agreements with Eastar Jet for three new Boeing 737-8 aircraft.
The deliveries are scheduled for mid-2025 and the first quarter of 2026. This partnership underscores DAE’s commitment to expanding its portfolio. The addition of these modern aircraft is expected to enhance the airline’s operational capabilities and service offerings.
Firoz Tarapore, Chief Executive Officer of DAE, said that, “We are pleased to announce a new agreement with Eastar Jet, further strengthening and expanding our ongoing partnership. The addition of these three Boeing 737-8 aircraft to their fleet will support Eastar Jet’s growing network and the rising demand for affordable regional travel.”
Cho Joong-seok, Chief Executive Officer of Eastar Jet, commented that, “We are excited to expand our partnership with DAE through the addition of three new Boeing 737-8 aircraft. With over 20 destinations and plans for further growth, these new aircraft will play a key role in helping us meet customer expectations and enhance our service, reliability, and value.”
The Eastar Jet CEO further added that, “We appreciate DAE’s continued support as we work to strengthen our presence in the Asia-Pacific region as a competitive low-cost carrier.”
DAE currently owns, manages, and is committed to own a total of 500 aircraft, including 215 from Boeing, with plans to further expand its fleet to meet growing market demand.
Earlier this year, DAE signed a $750 million (AED2.75 billion) 5-year unsecured term loan with Emirates NBD Bank (ENBD). The loan will be used for general corporate purposes and support the future financing needs of the business.
