Jet leasing firm DAE cuts orders further

Dubai Aerospace Enterprise (DAE) has scaled back its purchase orders for Boeing jumbo jet freighters, opting for fewer, smaller airplanes.
The Dubai company, which leases out aircraft, has switched five of its 15 orders for the 747-8 to the 777, with the five new airplanes to be leased to Emirates Airline, Bloomberg News reported.
"We are constantly working with our customers to evaluate how to best suit their needs," Jim Proulx, a spokesman for Boeing, told Bloomberg News.
Representatives of DAE could not be reached for comment. The changes leave DAE with 10 747-8 freighters and 10 777s still on order.
Today, DAE's client list includes Emirates Airline, easyJet, Virgin Australia Airlines and Kingfisher Airlines.
06/11/11 Hadeel al Sayegh/The National

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Categories: Cargo Nov 2011, Foreign Nov 2011