DAE Finalizes Lease Agreements for Three New Boeing 737-8 Aircraft with Eastar Jet

Photo : Dubai government media office

Dubai Aerospace Enterprise (DAE) Ltd has officially announced the signing of lease agreements with Eastar Jet for three new Boeing 737-8 aircraft, with deliveries scheduled to occur between mid-2025 and the first quarter of 2026. This agreement marks a significant step in the ongoing collaboration between the two companies.

Firoz Tarapore, the Chief Executive Officer of DAE, expressed enthusiasm about the new agreement, stating, “We are pleased to announce a new agreement with Eastar Jet, further strengthening and expanding our ongoing partnership. The addition of these three Boeing 737-8 aircraft to their fleet will support Eastar Jet’s growing network and the rising demand for affordable regional travel. We congratulate the Eastar Jet team on their continued success and look forward to many more years of successful collaboration."

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Cho Joong-seok, the Chief Executive Officer of Eastar Jet, echoed these sentiments, stating, “We are excited to expand our partnership with DAE through the addition of three new Boeing 737-8 aircraft. With over 20 destinations and plans for further growth, these new aircraft will play a key role in helping us meet customer expectations and enhance our service, reliability, and value. We appreciate DAE’s continued support as we work to strengthen our presence in the Asia-Pacific region as a competitive low-cost carrier.”

The Boeing 737 MAX aircraft is known for its enhanced efficiency, environmental performance, and passenger comfort, making it a strong contender in the single-aisle market. Featuring advanced engines and aerodynamic enhancements, the 737 MAX provides significant economic advantages, reducing fuel consumption and emissions by approximately 20% compared to its predecessors.

DAE currently manages a fleet of 500 aircraft, including 215 from Boeing, and has ambitious plans to expand its fleet further in response to the increasing market demand. This latest agreement with Eastar Jet signifies not only a deepening of their partnership but also a commitment to supporting the airline's growth and operational excellence in the competitive landscape of the aviation industry.