DAE signs lease agreement with IndiGo for seven A321neo aircraft

Dubai Aerospace Enterprise (DAE) has signed long-term lease agreements for seven Airbus A321neo aircraft with IndiGo, India’s largest passenger airline. All seven aircraft will be powered by CFM International’s Leading Edge Aviation Propulsion (LEAP) engines and are scheduled to be delivered in 2021.

Firoz Tarapore, Chief Executive Officer of DAE said: “We are delighted to add this fuel-efficient aircraft and popular aircraft type to our leased aircraft portfolio. 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.”