Paris Air Show: DAE leases three new Boeing 777Fs to AirBridgeCargo

posted on 19th June 2019 by Justin Burns
Paris Air Show: DAE leases three new Boeing 777Fs to AirBridgeCargo

AirBridgeCargo Airlines is to lease three new Boeing 777F aircraft from DAE Capital – the leasing division of Dubai Aerospace Enterprise (DAE).

The agreement is part of a purchase and leaseback agreement with PDP financing. The three aircraft will be the first of this type to enter AirBridgeCargo’s fleet in 2020.

DAE’s chief executive officer, Firoz Tarapore said: “We are delighted to welcome AirBridgeCargo as our newest customer and to be in a position to facilitate them with their fleet requirements as they expand their fleet diversification with this particular type.

“DAE Capital is the world’s largest lessor of 777F aircraft, and our long-term experience with this aircraft type helped in executing this agreement swiftly. We look forward to a long and rewarding relationship with AirBridgeCargo as they continue to grow their successful operations.”

Volga-Dnepr Group president, Aleksey Isaikin added: “Our agreement with Dubai Aerospace Enterprise marks an important moment in our history as we welcome the first Boeing 777 freighters into our fleet.

“These aircraft will support our strategy of broader fleet diversity and modernization, allowing us to deliver a more cost-efficient product to our customers.”

DAE currently has 15 owned and committed Boeing 777Fs.