DAE signs lease agreement with IndiGo

Dubai Aerospace Enterprise (DAE) Ltd today announced that it had signed long-term lease agreements for 7 Airbus A321neo aircraft with IndiGo, India’s largest passenger airline. All 7 aircraft will be powered by CFM International’s Leading Edge Aviation Propulsion (LEAP) engines and are scheduled to be delivered in 2021.

Firoz Tarapore, Chief Executive Officer of DAE said: “We are delighted to add this fuel-efficient aircraft and popular aircraft type to our leased aircraft portfolio. This investment reiterates our commitment to invest in new, fuel-efficient aircraft to minimize carbon and nitrogen emissions as well as noise while at the same time increase performance, reliability and environmental sustainability. Further, we are delighted to deepen our long-term relationship with IndiGo and wish them great success with their growth story. The introduction of these aircraft will allow the airline to expand the range of their exceptional product offering.”