Hainan Airlines, DAE Sign New Boeing 737-8 MAX Lease

DALLAS — Dubai Aerospace Enterprise (DAE) has signed lease agreements with Hainan Airlines (HU) for four new Boeing 737-8 MAX airplanes, which are scheduled for delivery in the fourth quarter of 2025 and the first quarter of 2026.

These Boeing aircraft feature efficient CFM LEAP-1B engines and advanced technology winglets, which reduce fuel use and emissions by 20 percent compared to the aircraft they replace. In addition to these new acquisitions, DAE owns, manages, or has committed to 500 aircraft, including 215 from Boeing.

Dubai Aerospace Enterprise is a 35-year-old global aviation services company headquartered in Dubai. DAE’s leasing and engineering divisions "serve over 170 customers around the world from seven offices in Dubai, Dublin, Amman, Singapore, New York, Miami and Seattle."

In Monday’s announcement, DAE’s Chief Executive Officer, Firoz Tarapore, said, “We are pleased to further strengthen our partnership with Hainan Airlines.  This agreement reflects the strong relationship we’ve developed over the years, and we value their trust in DAE as we remain committed to meeting their evolving fleet needs."

"The addition of these state-of-the-art Boeing 737-8 aircraft will support HU’s growth and operational objectives." The DAE executive continued, "We wish them continued success and look forward to seeing the positive impact these aircraft will have on their expanding fleet, and to many more years of successful collaboration.”

Hainan Airlines’ CEO, Yu Chaojie, also stated, “We appreciate DAE’s continued trust and support in Hainan Airlines.  The strategic placement of these new Boeing aircraft into our fleet is an investment in our growth, and a testament to the enduring partnership we have built over time.  By reducing the average age of our aircraft, the integration of these aircraft will significantly contribute to fleet modernization."

"We are not only enhancing our operational efficiency but also optimizing cost structure, improving fuel efficiency, and reducing maintenance costs, which are critical factors in today’s competitive aviation market,” added Chaojie.