Farnborough Air Show: DAE Capital orders 100 Airbus A350, A320 aircraft worth $12.6 billion
16 Jul 2008
Farnborough: Airbus has announced a firm order for 30 A350 XWB aircraft and 70 A320s from Dubai-based DAE Capital, a division of Dubai Aerospace Enterprise that looks after aircraft leasing, financing and insurance. The deal is valued at $12.6 billion at list prices.
The price includes Rolls-Royce engines, to power the A350 XWB aircraft, worth around $1.2 billion at list prices, according to Airbus.
Airbus's newest aircraft, the A350 XWB, is due to enter service in 2013.
The contract is a result of a memorandum of understanding (MoU) between the two groups that was signed at the Dubai Air Show in November 2007. The planes are scheduled for delivery through 2013 to 2022.
DAE was set up in February 2006, and is made up of six divisions that look after manufacturing, airports, services, engineering and research and development divisions.