Dubai Aerospace Enterprise (DAE) is renegotiating a massive order it made in 2007 to buy more than 200 aircraft from Airbus (Paris: NL0000235190 - news) and Boeing (NYSE: BA - news) , a government official said in a report on Friday.
"We are in negotiations" with the European and American constructors, Abdulrahman al-Saleh, the director general of Dubai's finance department, was quoted as saying by The National newspaper.
Saleh was responding to reports that DAE Capital, the parent company's aircraft leasing unit, has stopped taking deliveries and making payments for more than......
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