Dubai Aerospace Enterprise places $770 million order for GE engines

17 November 2007

Dubai Aerospace Enterprise (DAE), the global aerospace manufacturing and services corporation, has ordered 10 GE90-115B-powered Boeing 777-300ER and five GEnx-powered Boeing 747-8 freighters. The engine orders are valued at a combined total of more than $770 million at list price.

Bob Genise, CEO of DAE Capital, the Dubai-based group''s aircraft, leasing and finance business, said, "This deal, as part of a 100 aircraft order from Boeing, demonstrates our aim to quickly establish DAE Capital as a world-class aircraft leasing business."

"GE is very pleased with this engine order from DAE," said Scott Donnelly, president & CEO of GE Aviation. "We will work with the company to ensure full support for the engines as well as help as they place the aircraft with operators in the region."