Dubai's DAE axes 30 more Airbus orders

Middle Eastern lessor Dubai Aerospace Enterprise has cancelled another 30 aircraft from its Airbus order book, including 12 A350s.

The decision has wiped out Airbus' sales for the first two months of the year, leaving it with a negative net order count for the end of February 2011. DAE's backlog had originally featured......

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Guggenheim cancellation leaves DAE as 747-8’s sole lessor customer

Boeing has lost one of its two leasing customers for the 747-8 family, following the decision by Guggenheim Aviation Partners (GAP) to cancel its remaining orders for the freighter variant due to the ongoing programme delays.

The US lessor, who originally ordered......

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Struggling DAE Capital cuts $8 billion of orders from backlog

In a much-anticipated move, Dubai lessor DAE Capital has slashed $8 billion worth of Airbus and Boeing orders from its backlog. The leasing company has dropped 50 orders, split equally between Airbus and Boeing, although the latter is the worst affected by value, having shed over......

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Dubai Aerospace Enterprise appears to cancel 25 widebody orders

Boeing has received cancellations for 25 widebody aircraft, widely believed to be from financially shaky UAE-based Dubai Aerospace Enterprise (DAE). The cancellations include 10......

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Dubai 'renegotiating orders' for 200 Airbus, Boeing planes

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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DAE may postpone plane orders: report

Financial woes may force Dubai Aerospace Enterprise (DAE), the holding majority-owned by the head of Emirates airlines, to renegotiate 220 aircrafts orders with Boeing and Airbus, French daily Les Echos said on Monday.

'It seems that the debt-laden emirate has chosen to turn part of its deliveries into......

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Exclusive: DAE restructures aircraft orderbook

AIRFINANCE JOURNAL ARTICLE – PAID SUBSCRIPTION REQUIRED FOR FULL ACCESS
Dubai Aerospace Enterprise (DAE) will restructure its 200 aircraft orders with Airbus and Boeing though a deal with two Dubai airlines, according to two senior executives with knowledge of the talks. The company, which has over 200 aircraft on order with Airbus and Boeing, is expected to shift the orders to Emirates and flydubai, according to the sources.
On June 8 Emirates surprised the market by announcing an order for 32 A380s. Airfinance Journal understands that these aircraft were part of the restructuring with Airbus. Airbus would not comment on whether the aircraft were moved from DAE to Emirates. Emirates is also expected to announce an order for......

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DAE prices $74 million Ex-Im bond

AIRFINANCE JOURNAL ARTICLE – PAID SUBSCRIPTION REQUIRED FOR FULL ACCESS
Dubai Aerospace Enterprise (DAE) priced its second Ex-Im bond last week. The $126 million deal......

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DAE goes to capital markets

AIRFINANCE JOURNAL ARTICLE - SUBSCRIPTION REQUIRED FOR FULL ACCESS
Operating leasing company, Dubai Aerospace Enterprise, has priced its first Ex-Im bond for one Boeing aircraft......