DAE to lease 2 Airbus A320 aircraft to Hongtu Airlines

Dubai Aerospace Enterprise (DAE) Ltd. has announced that its leasing division, DAE Capital and Yunnan Hongtu Airlines (“Hongtu”) of China have completed a lease agreement for two new Airbus A320-200 aircraft, the company said.

These modern, fuel efficient planes will be delivered in 2018 and are part of a direct order DAE has with Airbus. The aircraft will come equipped with CFM 56-5B4/3 PIP engines.

This latest addition to the Hongtu A320 family fleet will assist the carrier as it looks to capitalize on China´s increasing domestic demand for leisure and business air travel, offering a high-end, customized service to its passengers. Hongtu currently has a fleet of three Airbus A320 family aircraft and operates flights to 10 domestic destinations.

Dubai Aerospace Enterprise (DAE) Ltd is a globally recognized and award-winning aerospace company headquartered in Dubai. More information can be found on the company´s web site at www.dubaiaerospace.com.