Dubai Aerospace leases 7 Airbus A321neo aircraft to Indian carrier IndiGo

Dubai Aerospace Enterprise (DAE) said on Tuesday that it had signed a long-term agreement to lease 7 Airbus A321neo aircraft to IndiGo, India’s largest passenger airline.

All 7 aircraft will be powered by CFM International’s Leading Edge Aviation Propulsion (LEAP) engines and are scheduled to be delivered in 2021.

“This investment reiterates our commitment to invest in new, fuel-efficient aircraft to minimize 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.

DAE signs lease agreement with IndiGohttps://t.co/N7hPJabV7L pic.twitter.com/Vhr8bneQdY

— DAE (@dubaiaerospace) February 23, 2021

IndiGo earlier this month revealed plans to launch 22 new flights connecting cities within India starting March 28.

DAE meanwhile delivered the first of 18 Boeing 737 MAX 8 aircraft to American Airlines in December.

Read: Dubai Aerospace delivers first of 18 Boeing aircraft to American Airlines

DAE, the Middle East’s biggest plane-leasing firm, plans to expand its portfolio to 450 planes by 2021, Tarapore told Bloomberg in November last year. At the time, the state-owned company had 381 planes, and committed to adding 31 jets valued at $1.1bn.

Read: Dubai Aerospace plans to expand portfolio to 450 jets in 2021