Representing two of Air New Zealand's four aircraft on order with Boeing, the B777-319ERs are due for delivery in January and March 2011 and both aircraft will be equipped with GE 90-115BL engines. Air New Zealand currently operates 50 jet aircraft on routes to 32 city destinations in 16 countries.
H.E. Dr. Omar Bin Sulaiman, DAE Group Managing Director, said:
"In a short space of time, DAE has grown to represent a major force in the aerospace sector, and this latest agreement is testament to the trust and confidence operators have in our world-class leasing capabilities."
Bob Genise, CEO of DAE Capital said, "We are delighted to sign up Air New Zealand with this leasing agreement. It represents further evidence of how our attractive leasing proposition can readily benefit airlines by improving both cash flow and fleet management."
Mr Rob McDonald, Air New Zealand CFO said, "The airline was pleased to conclude the agreement and looked forward to a constructive relationship with DAE Capital."
DAE Capital currently has a leasing fleet comprising of 33 aircraft. It also has more than 200 Boeing and Airbus aircraft on order, with deliveries commencing in 2010.
The Dubai-headquartered company is rapidly establishing itself as a world-class aircraft leasing business.
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