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DAE and Saudia Secure Four Boeing 777 Freighters in Sale-Leaseback Deal

Guavy AI Editorial Team
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BA
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Dubai Aerospace Enterprise (DAE) and Saudia have finalized a purchase-leaseback agreement for four Boeing 777F freighters.

The aircraft will be delivered to Saudia between October 2026 and May 2027, with the deal aiming to support Saudia Cargo's growth plan under Saudi Vision 2030.

The agreement effectively doubles Saudia's fleet of dedicated Boeing 777F freighters from four to eight.

Firoz Tarapore, CEO of DAE, stated, 'We are pleased to announce a purchase-leaseback agreement for four Boeing 777F aircraft with Saudia.'

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