Hainan Airlines and Dubai Aerospace Enterprise (DAE) have signed new lease agreements for four Boeing 737-8 aircraft, scheduled for delivery in late 2025 and early 2026. DAE CEO Firoz Tarapore highlighted that the deal strengthens DAE’s relationship with Hainan Airlines, emphasising DAE’s commitment to meeting the airline’s evolving fleet requirements. These advanced Boeing 737-8 aircraft will support Hainan’s growth and operational goals by modernising its fleet.
Hainan Airlines CEO Yu Chaojie noted that the addition of these aircraft would reduce the fleet’s average age, improve fuel efficiency, and lower maintenance costs, addressing critical needs in today’s competitive aviation market. Designed for efficiency, the Boeing 737 MAX family—powered by CFM International LEAP-1B engines and featuring advanced winglets—delivers a 20% reduction in fuel use and emissions compared to previous models, enhancing environmental performance and passenger comfort in the single-aisle market.
DAE currently owns, manages, and has committed to owning a total of 500 aircraft, with 215 from Boeing, as part of its strategy to expand its portfolio and meet increasing market demand. This lease agreement with Hainan Airlines is a significant step in DAE’s efforts to partner with leading airlines and strengthen its market position as a global aviation lessor.
