Dubai Aerospace Enterprise (DAE) has signed long-term lease agreements with India’s private carrier IndiGo to lease seven Airbus A321neo aircraft. The aircraft will be powered by CFM International’s Leading Edge Aviation Propulsion (LEAP) engines and are scheduled to be delivered in 2021.
IndiGo has a total destination count of 87 with 63 domestic destinations and 24 International. IndiGo operates the Airbus A320 CEO & NEO, the A321 NEO, and the ATR 72-600 aircraft.
“We are delighted to add this fuel-efficient aircraft and popular aircraft type to our leased aircraft portfolio. This investment reiterates our commitment to investing in new, fuel-efficient aircraft to minimise carbon and nitrogen emissions as well as noise while at the same time increase performance, reliability, and environmental sustainability,” said Firoz Tarapore, CEO of DAE.
He said this deal will deepen the long-term relationship with IndiGo and allow the airline to expand the range of its product offering. — firstname.lastname@example.org
The UAE, the company’s largest market, saw high growth in merchant payments processed from domestic consumers at 20 per cent year on year, and payments from international visitors growing 92 per cent
The company’s revenue increased 31 per cent to Dh1.041 billion as compared to Dh792 million in first half of 2021 while its operating costs dropped 16 per cent
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The five-year contract was awarded by Adnoc Offshore to Adnoc Logistics and Services (Adnoc L&S) and underpins the world-class capabilities within Adnoc’s group companies