DAE delivers first Boeing 737-800 NG to Garuda

DAE Capital, the aircraft leasing and financial business arm of Dubai Aerospace Enterprise (DAE), has delivered the first Boeing 737-800 Next-Generation aircraft to Garuda the national flag carrier of Indonesia.
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The delivery is one of eight new B737-800 aircraft to be delivered to Garuda between June 2009 and April 2010. The aircraft has a new look and provides passengers with pleasing surroundings and comfort, according to DAE Capital.

H.E. Dr. Omar Bin Sulaiman, DAE Group Managing Director, said: “DAE's delivery of the first B737-800 aircraft to Garuda highlights the expansion of our fleet portfolio and the opportunity to work with Indonesia's largest carrier.”

He added: “It also builds on DAE's recognition as a worldwide aviation source.”

DAE Capital has a fleet of 36 single aisle and widebody aircraft. As well as an additional 25 aircraft contracted, of which 16 are on a purchase and lease back basis. DAE Capital has committed to invest in a fleet portfolio with an estimated market value of $27bn that will gradually encompass 100 Airbus A320-family and A350 XWBs, and 100 Boeing 737NGs and widebodies, which will commence delivery in 2010.