DAE Announces Purchase and Leaseback Agreement with Saudia

Dubai, U.A.E., 10 August 2026 – Dubai Aerospace Enterprise (DAE) Ltd ("DAE"), the global aviation services company, today announced that it has signed a purchase agreement with Saudia, the national flag carrier of the Kingdom of Saudi Arabia, for 4 new Boeing 777F aircraft and entered into long-term leases for these aircraft, delivering between October 2026 and May 2027.

Firoz Tarapore, Chief Executive Officer of DAE, commented, "We are pleased to announce a purchase-leaseback agreement for four Boeing 777F aircraft with Saudia. This transaction reflects our continued commitment to supporting our airline customers with high-quality, in-demand aircraft. These aircraft will support the airline's expanding cargo operations and enhance its ability to serve key markets across its global network. We look forward to working with Saudia and wish them continued success."

The Boeing 777F is a long-range, widebody freighter designed to deliver strong payload capability, operational efficiency, and reliability. The aircraft supports the transportation of a broad range of cargo across global markets and is widely used by leading cargo operators around the world. DAE currently owns, manages, and is committed to own over 1,000 aircraft, including more than 250 from Boeing, with plans to further expand its fleet to meet growing market demand.