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DAE Capital Places Order For 200 Planes.  
User currently offlineWINGS From Portugal, joined May 2005, 2831 posts, RR: 68
Posted (7 years 1 month 2 weeks 1 day 5 hours ago) and read 8375 times:

Considering the number of frames involved, I believe that DAE's recent shooping spree deserves its own thread.  Smile

To resume it DAE, today placed the following orders from both Airbus and Boeing.  Wow!

70 A320's
30 A350's

70 737's
15 787's
10 777's
5 748F's



New aircraft lessor DAE Capital buys 100 Airbus aircraft
12 November 2007


http://www.airbus.com/en/presscentre...ems/07_11_12_dae_100_aircraft.html

DAE Capital, the aircraft leasing and financing division of Dubai Aerospace Enterprise (DAE), has signed a Memorandum of Understanding (MoU) to buy 100 aircraft from Airbus. The order is for 70 A320 Family and 30 A350 XWB Family aircraft.

DAE Capital aims to become a leading lessor based in the Middle East. DAE Capital�s parent company DAE is a world class aerospace company headquartered in Dubai. It manages a number of activities including airport development and operations, engineering, manufacturing and services.


Boeing Wins $13.7 Billion Order From Dubai Aerospace

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=ag6JJhLrfmEo

Nov. 12 (Bloomberg) -- Boeing Co., the world's second-biggest manufacturer of commercial airliners, won an order for 100 planes valued at $13.7 billion from Dubai Aerospace Enterprise, the Persian Gulf emirate's vehicle for creating one of the world's biggest airport and aviation-services companies.

Dubai Aerospace ordered 70 of Chicago-based Boeing's 737 Next Generation aircraft, 15 of the 787 Dreamliner model, 10 777-300ERs and five 747-8 freighters for the company's leasing unit. Dubai Aerospace aims to build DAE Capital into a multibillion-dollar lessor that competes with AIG's International Lease Finance Corp. and General Electric Co.'s GE Commercial Aviation Services.


Regards,
Wings


Aviation Is A Passion.
26 replies: All unread, showing first 25:
 
User currently offlineKC135TopBoom From United States of America, joined Jan 2005, 12181 posts, RR: 51
Reply 1, posted (7 years 1 month 2 weeks 1 day 5 hours ago) and read 8284 times:

Hmmm. The wording looks very odd.

"DAE Capital, the aircraft leasing and financing division of Dubai Aerospace Enterprise (DAE), has signed a Memorandum of Understanding (MoU) to buy 100 aircraft from Airbus.

Dubai Aerospace ordered 70 of Chicago-based Boeing's 737 Next Generation aircraft, 15 of the 787 Dreamliner model, 10 777-300ERs and five 747-8 freighters for the company's leasing unit."

DAE says the Airbus transaction is a MOU, while the Boeing transaction is an order. This tells me Boeing can go ahead and start the parts ordering process for the BAE order (but I don't see how the B-737 or B-777s can be delivered before 2012, or the B-787s before 2013). I can understand a MOU for the A-350XWBs, but the A-320s could have been an order.

So, why just a MOU for Airbus?

"Nov. 12 (Bloomberg) -- Boeing Co., the world's second-biggest manufacturer of commercial airliners"

Bloomberg always put in this comment, or in the case of Airbus, "the worlds biggest manufactuer of commerical airliners"

Bloomberg is a news agency, just like CNN, UPI, or AP. So does that mean we don't believe them?


User currently offlineScbriml From United Kingdom, joined Jul 2003, 12897 posts, RR: 46
Reply 2, posted (7 years 1 month 2 weeks 1 day 5 hours ago) and read 8151 times:
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Quoting KC135TopBoom (Reply 1):
DAE says the Airbus transaction is a MOU, while the Boeing transaction is an order.

I don't think either are firm yet. For some reason, Boeing's website shows no PRs or statements from the show at all. confused 

Reuter's UK is reporting the Boeing deal is an LOI:
http://investing.reuters.co.uk/news/...773_RTRIDST_0_AIRSHOW-WRAPUP-1.XML

Quote:
Boeing (BA.N: Quote, Profile , Research) agreed a letter of intent with DAE to sell it as many as 100 planes, including 70 of its single-aisle 737 models, in a deal worth upto $13.7 billion, DAE said in a statement at the Dubai Air Show on Monday.

Nevertheless, these orders are very significant for both manufacturers.  Wow!



Time flies like an arrow, but fruit flies like a banana! #44cHAMpion
User currently offlineScbriml From United Kingdom, joined Jul 2003, 12897 posts, RR: 46
Reply 3, posted (7 years 1 month 2 weeks 1 day 4 hours ago) and read 7968 times:
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Flight is reporting that both are LOIs.

http://www.flightglobal.com/articles...00-airbus-and-boeing-aircraft.html



Time flies like an arrow, but fruit flies like a banana! #44cHAMpion
User currently offlinePanAm_DC10 From Australia, joined Aug 2000, 4217 posts, RR: 89
Reply 4, posted (7 years 1 month 2 weeks 23 hours ago) and read 7660 times:
AIRLINERS.NET CREW
COMMUNITY MANAGER

Given the magnitude of these LoI / MoU / Commitments, or however they're worded, a new and player has stated it's intent to be involved in the Leasing business moving forward and on a substantial scale. Given the amount of frames this does warrant it's own thread and the following are links to the appropriate Official Threads

Official Dubai 2007 Airshow: Airbus Thread

Official Dubai 2007 Airshow: Boeing Thread

Official Dubai 2007 Airshow: Engine Thread

Here is a link to their home website of which they are a subsidiary http://www.dubaiaerospace.com/

Over time this should give other companies plenty to think about but with long delivery schedules they have plenty of time. In addition they have already signed preliminary maintenance pact with GE and and order for their 77Ws and 748-Fs Powerplants.

[Edited 2007-11-12 14:30:12]


Ask the impossible to achieve the best possible
User currently offlineMaverickM11 From United States of America, joined Apr 2000, 17827 posts, RR: 46
Reply 5, posted (7 years 1 month 2 weeks 23 hours ago) and read 7582 times:

Any relation between DAE and Emirates?


E pur si muove -Galileo
User currently offlineKaitak From Ireland, joined Aug 1999, 12598 posts, RR: 34
Reply 6, posted (7 years 1 month 2 weeks 22 hours ago) and read 7542 times:

Quoting MaverickM11 (Reply 5):
Any relation between DAE and Emirates?

Somewhere along the line, there must be at least an association, if not common ownership. I wonder where those 77Ws are likely to end up? It wouldn't surprise me if they worked their way into the EK fleet, along with one or two other of the types ordered.


User currently offlineStitch From United States of America, joined Jul 2005, 31433 posts, RR: 85
Reply 7, posted (7 years 1 month 2 weeks 22 hours ago) and read 7487 times:
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 champagne  all around.

Looks like the Middle East aviation market is even hotter then many of us believed.


User currently offlineDouwd20 From United States of America, joined May 2005, 131 posts, RR: 0
Reply 8, posted (7 years 1 month 2 weeks 21 hours ago) and read 7174 times:

All great news for Boeing and Airbus. But dubious news for the planet.

User currently offlineAlangirvan From New Zealand, joined Nov 2000, 2106 posts, RR: 1
Reply 9, posted (7 years 1 month 2 weeks 20 hours ago) and read 6656 times:

I wonder how many of these DAE planes will end up with Indian carriers? There seem to be a lot of carriers in the Gulf region ordering aircraft in their own right at this show, though the Indian carriers have been quite this show. It is a bit hard to see DAE planes being placed with US carriers - perhaps some European IT carriers will like the A350s to replace their A332s

User currently offlineComorin From United States of America, joined May 2005, 4903 posts, RR: 16
Reply 10, posted (7 years 1 month 2 weeks 17 hours ago) and read 5533 times:



Quoting MaverickM11 (Reply 5):
Any relation between DAE and Emirates?

Very related - same Chairman, I believe. All is revealed on www.dubaiaerospace.com as suggested by PanAm_DC10.


User currently offlineNorcal773 From United States of America, joined Feb 2007, 1451 posts, RR: 12
Reply 11, posted (7 years 1 month 2 weeks 17 hours ago) and read 5474 times:

I can't help but wonder what the Gulf airlines will do with all these planes they're ordering lately. I am trying to be optimistic but gee, something's gotta give.


If you're going through hell, keep going
User currently offlineSCAT15F From United States of America, joined Feb 2007, 402 posts, RR: 0
Reply 12, posted (7 years 1 month 2 weeks 16 hours ago) and read 5021 times:



Quoting Douwd20 (Reply 8):
All great news for Boeing and Airbus. But dubious news for the planet.

True, unfortunately.  expressionless 


User currently offlineSean-SAN- From United States of America, joined Aug 2002, 772 posts, RR: 1
Reply 13, posted (7 years 1 month 2 weeks 14 hours ago) and read 4676 times:

These guys have to spend their $100/barrel oil money some how. These planes won't just end up in the Middle East, it's much more likely they'll be in Asia or possibly the US. I actually know someone who works there and he spends most of his time around Asia with clients.

User currently offlinePanAm_DC10 From Australia, joined Aug 2000, 4217 posts, RR: 89
Reply 14, posted (7 years 1 month 2 weeks 12 hours ago) and read 4204 times:
AIRLINERS.NET CREW
COMMUNITY MANAGER

Quoting Comorin (Reply 10):
Quoting MaverickM11 (Reply 5):
Any relation between DAE and Emirates?

Very related - same Chairman, I believe. All is revealed on www.dubaiaerospace.com

D.A.E. Have just announced that they have purchased 8 x A332s from EK on a Sale/Leaseback agreement.

They have also taken 20 frames from GECAS, a combination of 777-300s and A320s

Regards, PanAm_DC10

[Edit - Add GE ]

[Edited 2007-11-13 01:19:48]


Ask the impossible to achieve the best possible
User currently offlineCaljn From United States of America, joined Oct 2007, 224 posts, RR: 0
Reply 15, posted (7 years 1 month 2 weeks 6 hours ago) and read 2994 times:



Quoting Douwd20 (Reply 8):
All great news for Boeing and Airbus. But dubious news for the planet.

Bravo Douwd20 !! I thought I was alone in my conflicting thoughts of loving flight juxtaposed with concerns about the future of our planet's finite resources. Not to mention the waste left in the wake of all these planes flying around.


User currently offlineKC135TopBoom From United States of America, joined Jan 2005, 12181 posts, RR: 51
Reply 16, posted (7 years 1 month 2 weeks 5 hours ago) and read 2744 times:



Quoting Norcal773 (Reply 11):
I can't help but wonder what the Gulf airlines will do with all these planes they're ordering lately.

Remember, there is a lot of unused desert in the middle east.


User currently offlineThorben From , joined Dec 1969, posts, RR:
Reply 17, posted (7 years 1 month 2 weeks 5 hours ago) and read 2703 times:



Quoting Douwd20 (Reply 8):
All great news for Boeing and Airbus. But dubious news for the planet.

Why? When older planes go to the desert for the new ones?

Quoting Comorin (Reply 10):
Very related - same Chairman, I believe. All is revealed on www.dubaiaerospace.com as suggested by PanAm_DC10.

Same chairman, where did you find that?

Quoting PanAm_DC10 (Reply 14):
They have also taken 20 frames from GECAS, a combination of 777-300s and A320s

Not bad for a company that nobody knew a few days ago. They probably want to start operations now, because their recently ordered planes won't be there for a couple of years.


User currently offlineScbriml From United Kingdom, joined Jul 2003, 12897 posts, RR: 46
Reply 18, posted (7 years 1 month 2 weeks 4 hours ago) and read 2671 times:
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Quoting PanAm_DC10 (Reply 14):
D.A.E. Have just announced that they have purchased 8 x A332s from EK on a Sale/Leaseback agreement.

They have also taken 20 frames from GECAS, a combination of 777-300s and A320s

OK, the first part is "standard practice" for a leasing company, but the second? A leasing company is leasing planes from another lessor?



Time flies like an arrow, but fruit flies like a banana! #44cHAMpion
User currently offlineThorben From , joined Dec 1969, posts, RR:
Reply 19, posted (7 years 1 month 2 weeks 4 hours ago) and read 2658 times:



Quoting Scbriml (Reply 18):
OK, the first part is "standard practice" for a leasing company, but the second? A leasing company is leasing planes from another lessor?

No, they are buying them from Gecas. And I would think they are staying with the airlines they are currently with.


User currently offlineScbriml From United Kingdom, joined Jul 2003, 12897 posts, RR: 46
Reply 20, posted (7 years 1 month 2 weeks 2 hours ago) and read 2591 times:
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Quoting Thorben (Reply 19):
And I would think they are staying with the airlines they are currently with.

I see. Still sounds a little odd, I've not heard of that happening before.



Time flies like an arrow, but fruit flies like a banana! #44cHAMpion
User currently offlineStitch From United States of America, joined Jul 2005, 31433 posts, RR: 85
Reply 21, posted (7 years 1 month 2 weeks 1 hour ago) and read 2527 times:
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Quoting Scbriml (Reply 20):
I see. Still sounds a little odd, I've not heard of that happening before.

It would be a safe way to enter the market, however, since they would already have existing customers and contracts.


User currently offlineThorben From , joined Dec 1969, posts, RR:
Reply 22, posted (7 years 1 month 1 week 6 days 23 hours ago) and read 2435 times:



Quoting Stitch (Reply 21):
It would be a safe way to enter the market, however, since they would already have existing customers and contracts.

Like this they can start their business now with a lower risk (since the planes are already leased) and use this as a base for doing business when their newly ordered planes arrive.


User currently offlineComorin From United States of America, joined May 2005, 4903 posts, RR: 16
Reply 23, posted (7 years 1 month 1 week 6 days 17 hours ago) and read 2360 times:



Quoting Thorben (Reply 17):
Quoting Comorin (Reply 10):
Very related - same Chairman, I believe. All is revealed on www.dubaiaerospace.com as suggested by PanAm_DC10.

Same chairman, where did you find that?

Here?

http://www.dubaiaerospace.com/portal...ae_press/bio/Bio_Sheikh_Ahmad.html


User currently offlineScbriml From United Kingdom, joined Jul 2003, 12897 posts, RR: 46
Reply 24, posted (7 years 1 month 1 week 5 days 1 hour ago) and read 2281 times:
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Given that the DAE "orders" were announced on Monday, the lack of those orders in Boeing's weekly update today, would seem to confirm they are both still at the LOI/MOU stage.


Time flies like an arrow, but fruit flies like a banana! #44cHAMpion
25 Sh0rtybr0wn : It hard to believe they need that many planes, especially all the A320s/737s. Is there that much air traffic in the middle east; when you consider how
26 Dank : who's to say that they are all going to be leased to middle eastern carriers? cheers.
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