DAE delivers first Boeing 737-800 NG to Garuda

About DAE Capital:

DAE Capital is part of Dubai Aerospace Enterprise, a fast developing global aerospace, manufacturing and services corporation made up of six divisions. The others are DAE Engineering, DAE Services, DAE Manufacturing, DAE Airports, and DAE Flight Academy.

Being established as an aircraft leasing and finance business, DAE Capital aims to become one of the largest aircraft leasing companies serving an international market, inside the next decade. It aims to support the incredible demand for new aircraft globally, with a balanced quality portfolio of single-aisle and wide-body aircraft.

DAE Capital offers clients and investors a proposition few others can match. As one of six divisions of DAE, the group provides a synergised cluster of aerospace services, allowing customers to benefit from a world-class shared knowledge and service pool. Its unrivalled position allows it to provide advanced value-added services to airlines in conjunction with the other DAE segments such as engineering, maintenance, repair and overhaul.

DAE Capital seeks to become an integral part of the global aerospace industry and a leading player on the world stage in terms of aircraft leasing and finance.

About DAE:

DAE is a fast developing global aerospace, manufacturing and services corporation made up of six divisions: DAE Capital, DAE Engineering, DAE Services, DAE Manufacturing, DAE Airports, and DAE Flight Academy.

Headquartered in Dubai, the group is growing through a series of phased developments and acquisitions to become a global player and to produce an integrated aerospace cluster, based at Dubai World Central - the new 140 square kilometre airport and logistics city being constructed in Jebel Ali, Dubai. It is forming international partnerships at the highest level of industry with the aim of establishing one of the most innovative and successful businesses in the global aerospace industry within the next decade.

About Garuda Indonesia:

Garuda Indonesia is the national flag carrier of Indonesia, with fleet of 56 single aisle and wide body jet aircraft. The airline currently flies to 48 destinations in Indonesia, Australia, China, Japan, Korea, Middle East and South East Asia.

After carrying out an organisational restructuring and business transformations, Garuda Indonesia has succeeded to turn around to profit consecutively in 2007 and 2008.

Garuda Indonesia continually improves its quality of services through improvement programs such as Indonesia hospitality (Garuda Experiences), Internet booking and networks expansions.

As part of an on-going fleet revitalization program, Garuda Indonesia has ordered 50 Boeing 737-800 Next Generation aircraft and 10 Boeing 777-300 Extended Range aircraft for delivery commencing 2009.

For further information, please contact:

DAE Press Office
Marketing & Corporate Communications
Dubai Aerospace Enterprise
DIFC, The Gate District, Building 4, Level 3
P O Box 506592, Dubai, UAE
T: +971 4 428 9546
F: +971 4 425 0382

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