Dubai Aerospace Enterprise Leases Four Boeing 777F to Saudia

Dubai Aerospace Enterprise signed a purchase and leaseback agreement with Saudia, the national flag carrier of Saudi Arabia, for four new Boeing 777F freighter aircraft. The deal schedules the delivery of the long-range, widebody planes between October 2026 and May 2027.

Saudia intends to use the aircraft to expand its cargo operations and improve service capabilities across global markets. The Dubai-based lessor, which manages a fleet value of $35 billion and a portfolio of over 1,000 aircraft, aims to support the airline's growth while meeting broader market demand.

CEO Firoz Tarapore stated that the transaction reflects the company's commitment to providing airline customers with high-quality, in-demand aircraft.