Dubai Aerospace Enterprise Ltd (DAE), a global aviation services company, has announced a purchase and leaseback agreement with Saudia, the national flag carrier of the Kingdom of Saudi Arabia, covering four new Boeing 777F aircraft.
Under the agreement, DAE will purchase the four aircraft from Saudia and enter into long-term leases for the aircraft. Deliveries are scheduled between October 2026 and May 2027.
“We are pleased to announce a purchase-leaseback agreement for four Boeing 777F aircraft with Saudia. This transaction reflects our continued commitment to supporting our airline customers with high-quality, in-demand aircraft,” said Firoz Tarapore, Chief Executive Officer of DAE.
“These aircraft will support the airline’s expanding cargo operations and enhance its ability to serve key markets across its global network. We look forward to working with Saudia and wish them continued success,” Tarapore added.
The Boeing 777F is a long-range, widebody freighter designed to provide payload capability, operational efficiency and reliability. The aircraft supports the transportation of a broad range of cargo across global markets and is operated by cargo carriers worldwide.
DAE currently owns, manages and is committed to own more than 1,000 aircraft, including more than 250 Boeing aircraft. The company said it plans to further expand its fleet to meet growing market demand.
