Dubai Aerospace Enterprise's DAE Capital aircraft leasing unit continues its dramatic climb down from its ambitious 2007 launch. It followed its recent Airbus order cancellations by axing orders for 35 Boeing 737NGs valued at $2.8 billion at list prices. Boeing confirmed the cancellation Friday. DAE leapt into the aircraft leasing business at the 2007 Dubai Air Show with orders for 200 aircraft, divided evenly between Boeing and Airbus, with a combined list price value of more than ...

Subscribe to Access this Entire Article

"Printer-friendly" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.

Already registered? here.