Dubai Aerospace Enterprise selects IAE V2500 to power 20 new Airbus A320s

George Mushahwar, Acting Chief Executive Officer, DAE Group said: "By working with leading global partners such as IAE, Dubai Aerospace Enterprise enjoys the benefits of superior technology, which ensures we meet our business objectives and serve our clients across all deliverables."

Bob Genise, CEO of DAE Capital, said: "In the current economic environment, our customers demand the lowest cost of ownership. The V2500 offers significant advantages for operators, ensuring its position as one of the most popular engines in service today, and making it an important addition to our fleet."

IAE Regional Vice President - Global Leasing, John Swanson added: "DAE Capital is one of the fastest growing aircraft leasing businesses with an expanding customer base. It is becoming a leading force in this industry with truly global reach. We're delighted to be involved with this exciting venture."

The V2500 is available in seven different thrust settings, from 22,000 to 33,000 lb, to power the Airbus A319, A320 and A321 Family of aircraft as well as the Airbus Corporate Jetliner. There are more than 5,500 V2500s in service or on firm order with more than 180 customers around the world.

The V2500 SelectOne™ build standard delivers an additional one percent fuel burn advantage, along with a corresponding reduction in CO2 emissions. It improves time-on-wing by up to 20 percent, and is compliant with the most stringent CAEP/6 NOx standards. It entered service on time in October 2008.






About DAE Capital:

DAE Capital is part of Dubai Aerospace Enterprise, a fast developing global aerospace, manufacturing and services corporation. 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 the 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.