Aircraft To Be Delivered In 2018

Dubai Aerospace Enterprise (DAE) Ltd. has announced that its leasing division, DAE Capital and Yunnan Hongtu Airlines (“Hongtu”) of China have completed a lease agreement for two new Airbus A320-200 aircraft. The aircraft will be delivered in 2018 and are part of a direct order DAE has with Airbus. The aircraft will come equipped with CFM 56-5B4/3 PIP engines.

This latest addition to the Hongtu A320 family fleet will assist the carrier as it looks to capitalize on China’s increasing domestic demand for leisure and business air travel, offering a high-end, customized service to its passengers. Hongtu currently has a fleet of three Airbus A320 family aircraft and operates flights to 10 domestic destinations.

"DAE is pleased to welcome on board one of China’s youngest airlines," said DAE Chief Executive Officer, Firoz Tarapore. "Our current forward order puts us in a great position to support Hongtu’s 2018 fleet strategy, and we look forward to growing our relationship in line with the airline’s ambitious growth plans.”

"Hongtu is delighted to be working with DAE as it embarks upon its fleet expansion," said Hongtu Airlines Chief Executive Officer, Liu Gang. "Going forward, we expect to continue working with lessors, such as DAE to support our growth strategy.”

(Source: DAE news release. Image from file)

FMI: www.dubaiaerospace.com