Market Intelligence: -Airline Aircraft Orders

Global Aircraft Lessor DAE Signs Long-Term Leases for 10 Narrowbody Jets with Turkish Airlines

Dubai Aerospace Enterprise (DAE) Ltd. announced that it has reached an agreement with Turkish Airlines for the lease of 10 new Boeing 737-8 aircraft. The aircraft are scheduled to be delivered in 2025.

Commenting on the agreement, Firoz Tarapore, Chief Executive Officer of DAE, said, “We are delighted to further deepen our already strong and long-term relationship with Turkish Airlines and to provide them a solution to their growing fleet requirements with these new technology, fuel efficient aircraft. We thank Turkish Airlines for their ongoing trust in DAE and wish them much success with their new fleet additions.”

DAE currently owns, manages, and is committed to own a total of 96 737 MAX family aircraft.

About DAE

Dubai Aerospace Enterprise (DAE) Ltd is a globally recognized aviation services corporation with two divisions: DAE Capital and DAE Engineering. Headquartered in Dubai, DAE serves over 170 airline customers in over 65 countries from its seven office locations in Dubai, Dublin, Amman, Singapore, Miami, New York, and Seattle.

DAE Capital is an award-winning aircraft lessor with an owned, managed, and committed fleet of approximately 500 Airbus, ATR and Boeing aircraft with a fleet value exceeding US$17 billion. DAE Engineering provides regional MRO services to customers in Europe, Middle East, Africa, and South Asia from its state-of-the-art facility in Amman, Jordan, accommodating up to 17 wide and narrow body aircraft. It is authorized to work on 15 aircraft types and has regulatory approval from over 25 regulators globally.

Source: DAE
Photo Credit: DAE

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Latvian Airline Graduates 20 Pilots from Own Pilot Training Academy in 2023 and Purchases More Aircraft

airBaltic, the flag carrier of Latvia, announced that 20 graduates of the airBaltic Pilot Academy joined the company as First Officers in 2023. During the same year, seven new Airbus A220-300 aircraft joined the fleet of the airline.

airBaltic also signed a significant contract for 30 Airbus A220-300 aircraft, with purchase rights for additional 20. According to Martin Gauss, President and CEO of airBaltic, this purchase aligns with the goal of operating a fleet of 100 such aircraft by 2030.

Currently, the airBaltic fleet consists of 46 Airbus A220-300 aircraft, making it one of the youngest fleets in Europe. The airline also owns and operates its own flight school and full flight simulator training center.

Source: airBaltic
Photo Credit: airBaltic

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Global Aviation Conglomerate and ACMI Provider Avia Solutions Group is Plotting an Order for More than 100 Aircraft

Dublin, Ireland headquartered Avia Solutions Group, the world’s largest ACMI (Aircraft, Crew, Maintenance, and Insurance) provider and operator of the global pilot training group BAA Training, operating a fleet of over 199 aircraft, is eyeing an aircraft order of 100 aircraft of either Airbus or Boeing – Irish media has reported following an interview with its Chairman.

In January 2023 Avia Solutions Group announced that it had signed a Share Purchase Agreement to acquire Australian airline, Skytrans. Skytrans is an Australian-owned and operated airline and air charter business. The airline operates Regular Public Transport (RPT) and charter services, with a current fleet spanning 13 regional aircraft.

Source: Irish Media
Photo Credit: Avia Solutions Group (shown as meta image)

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New Indian Regional Airline Fly91 To Receive First Two ATR72-600

Fly91, a new regional airline in India, announced its latest historic milestone. The airline inked its very first agreement with Dubai Aerospace Enterprise (DAE) for inducting the first two ATR 72-600 aircraft.

“This moment marks the beginning of a new chapter in Indian Aviation as we will build a robust network to connect tier 2 and tier 3 cities,” said Fly91 in a statement. “Thank you Dubai Aerospace Enterprise for believing in our vision and walking alongside us to create a better connected Bharat.”

Source: Fly91
Photo Credit: Fly91

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