Aircraft Orders & Deliveries
DAE and United Airlines Expand Boeing 737-9 Leaseback Partnership
DAE and United Airlines sign a leaseback deal for 10 Boeing 737-9 aircraft to support fleet modernization and sustainability goals.
DAE and United Airlines Expand Partnership with 10 Boeing 737-9 Aircraft Leaseback Deal
Dubai Aerospace Enterprise (DAE) and United Airlines have signed a major purchase and leaseback agreement involving 10 Boeing 737-9 aircraft. The deal, announced in July 2025, marks a significant milestone in the ongoing partnership between the Middle Eastern lessor and the U.S.-based airline. Deliveries are scheduled between August 2025 and February 2026, aligning with United’s broader fleet modernization strategy.
This transaction reflects DAE’s strategic focus on expanding its presence in North-America, one of the most competitive and high-demand aviation markets globally. It also reinforces industry trends toward asset-light operations, where Airlines increasingly rely on lessors to maintain fleet flexibility without the capital burden of ownership.
As the aviation industry continues to recover from pandemic-era disruptions, deals like these signal a renewed emphasis on efficiency, sustainability, and long-term partnerships between airlines and lessors. The 737-9, part of Boeing’s MAX family, offers operational improvements that are attractive to both operators and financiers.
Background: DAE and United’s Growing Partnership
Founded in 2006, Dubai Aerospace Enterprise is one of the world’s largest aircraft leasing companies, managing a fleet of approximately 750 aircraft. Of these, 225 are Boeing aircraft, leased to over 200 airline customers across 85 countries. DAE operates through two key divisions: DAE Capital, which handles leasing, and DAE Engineering, which provides maintenance, repair, and overhaul (MRO) services.
United Airlines, one of the largest carriers in the United States, has been a recurring partner for DAE. Prior to this Boeing 737-9 deal, DAE had leased an Airbus A321neo to United, highlighting the trust and cooperation between the two companies. This continuity suggests a long-term alignment of strategic goals, particularly in fleet modernization and operational efficiency.
DAE’s CEO, Firoz Tarapore, has publicly emphasized the importance of the North American market. By deepening its relationship with United, DAE is not only expanding its footprint but also reinforcing its status as a key player in the global aviation leasing landscape.
Aircraft Specifications and Efficiency
The Boeing 737-9 is part of the 737 MAX family, designed for short- to medium-haul operations. It features CFM International LEAP-1B engines, which contribute to a 20% reduction in fuel consumption compared to previous-generation aircraft. This makes the model particularly attractive to airlines aiming to cut costs and reduce their environmental impact.
In addition to fuel efficiency, the aircraft offers a 50% smaller noise footprint, enhancing its appeal for operations in noise-sensitive airports. With seating capacities ranging from 178 to 193 in a two-class configuration, and a range of 3,300 nautical miles, the 737-9 is well-suited for both domestic and transcontinental routes.
DAE’s choice to invest in this aircraft aligns with its broader fleet strategy. The average age of DAE’s fleet is 6.3 years, reflecting a preference for modern, efficient aircraft that meet evolving regulatory and operational standards.
“We are delighted to continue building on our valued relationship with United. Today’s announcement reflects our continued commitment to the North American market.”, Firoz Tarapore, CEO of DAE
Financial and Operational Implications
While the financial terms of the deal were not disclosed, purchase and leaseback arrangements typically allow airlines to unlock capital tied up in aircraft purchases. This model enables United to maintain operational control of the aircraft while avoiding the upfront costs of ownership.
For DAE, the deal provides a stable, long-term revenue stream. Leaseback agreements are generally structured over multi-year periods, offering predictable cash flows and reduced asset risk. The timing of the deliveries, spanning six months, also allows for staggered integration into United’s operations, minimizing disruption.
This transaction follows a broader trend in aviation finance, where lessors like DAE are increasingly seen as strategic partners rather than mere financiers. By aligning delivery schedules and aircraft types with airline needs, lessors can enhance their value proposition and deepen client relationships.
Industry Context and Strategic Relevance
The global aircraft leasing market is undergoing a transformation. According to industry reports, the market is projected to grow at a compound annual growth rate (CAGR) of over 8% through 2034. This growth is driven by several factors, including rising air travel demand, the need for fleet flexibility, and increasing regulatory pressure to adopt more sustainable aircraft.
DAE’s investment in the Boeing 737-9 is consistent with these trends. The aircraft’s fuel efficiency and lower emissions help airlines meet both economic and environmental targets. Moreover, the ongoing shift toward asset-light business models makes leasing an attractive option for carriers seeking to optimize their balance sheets.
North America remains a critical market in this context. With high passenger volumes and a robust regulatory framework, the region presents both challenges and opportunities for lessors. DAE’s focus on the U.S. market, underscored by its deals with United, positions it well to capitalize on future growth.
Broader Market Trends
In recent years, the aircraft leasing industry has seen increased consolidation. DAE’s acquisition of AWAS in 2017 significantly expanded its portfolio and global reach. This trend is expected to continue as larger players seek to scale operations and improve bargaining power with manufacturers and airlines.
Another emerging trend is the integration of digital tools and artificial intelligence in lease management. Although not directly related to this deal, such innovations are reshaping how lessors manage risk, predict maintenance needs, and optimize asset utilization.
Environmental, Social, and Governance (ESG) criteria are also becoming more prominent in leasing decisions. Lessors are under pressure to invest in aircraft that contribute to lower carbon footprints, a factor that further elevates the importance of models like the 737 MAX series.
Conclusion
The purchase and leaseback agreement between DAE and United Airlines for 10 Boeing 737-9 aircraft is a strategic move that benefits both parties. For United, it supports an ongoing fleet modernization initiative aimed at improving efficiency and sustainability. For DAE, it reinforces its presence in the North American market and strengthens its relationship with a major global carrier.
Looking ahead, this deal could serve as a blueprint for similar transactions in the aviation industry. As airlines seek to balance operational flexibility with financial prudence, and lessors aim to deploy capital into high-demand assets, partnerships like this will likely become more common. The focus on newer, more efficient aircraft also aligns with global sustainability goals, making such deals not just commercially viable but also socially responsible.
FAQ
What is a purchase and leaseback agreement?
It’s a financial arrangement where an airline sells an aircraft to a leasing company and immediately leases it back. This allows the airline to raise capital while retaining use of the aircraft.
Why did DAE choose the Boeing 737-9?
The 737-9 is a fuel-efficient, modern aircraft with a strong track record. Its lower emissions and operational costs make it attractive for both lessors and airlines.
When will the aircraft be delivered?
Deliveries are scheduled from August 2025 to February 2026, allowing for phased integration into United’s fleet.
How does this deal benefit United Airlines?
United gains access to modern aircraft without the capital burden of ownership, supporting its fleet renewal and environmental goals.
What does this mean for the aircraft leasing industry?
It highlights the growing importance of lessors in fleet strategy and the shift toward asset-light models in Commercial-Aircraft aviation.
Sources
Photo Credit: DAE – Montage
Aircraft Orders & Deliveries
Cessna SkyCourier Enters Service in the Philippines
Textron Aviation delivered the first Cessna SkyCourier to the Philippines on June 5, 2026, for operator LEASCOR.
Textron Aviation Inc. delivered the first Cessna SkyCourier to the Philippines on June 5, 2026, handing over a 19-passenger variant equipped with a passenger-to-freighter conversion kit to Leading Edge Air Services Corporation (LEASCOR). The delivery marks the entry into service for the twin-engine turboprop in the archipelagic nation, expanding passenger and cargo connectivity across remote island communities.
According to a press release issued by Textron Aviation, the aircraft will support domestic transport, tourism, and logistics operations, particularly in areas reliant on short or unpaved runways. LEASCOR operates as a wholly owned subsidiary of ACDI Multipurpose Cooperative.
Operational Versatility for Island Networks
LEASCOR, established in 2016 as the air chartering arm of ACDI Multipurpose Cooperative, will utilize the aircraft’s conversion capabilities to alternate between full passenger and full cargo aircraft missions. The delivered variant can accommodate up to 19 passengers or be reconfigured to carry freight.
When operating in a Combi layout, the aircraft can transport nine passengers alongside cargo. In its dedicated freighter configuration, the SkyCourier offers a maximum payload capacity of 6,000 pounds and is capable of handling three LD3 shipping containers.
Maj. Gen. Gilbert S. Llanto, representing LEASCOR and ACDI, stated that the aircraft strengthens the operator’s ability to provide reliable air connectivity to communities dependent on consistent service.
“What makes the SkyCourier invaluable is its purpose-built versatility, supported by twin-engine reliability, high payload capacity and the ability to operate on short and unpaved runways,” Llanto said. “With the SkyCourier, we are strengthening our capability to open underserved routes, enhance logistics and support regional economies.”
Aircraft Specifications and Regional Expansion
The Cessna SkyCourier is powered by two Pratt & Whitney Canada PT6A-65SC turboprop engines and features McCauley Propeller C779 110-inch aluminum four-blade propellers. The flight deck is equipped with Garmin G1000 NXi avionics. Performance specifications include a maximum cruise speed of 200 knots true airspeed (ktas) and a maximum range of 900 nautical miles.
The June 5 delivery follows the aircraft receiving type certification from the Civil Aviation Authority of the Philippines (CAAP) on August 21, 2024. Textron Aviation Vice President of SkyCourier Sales Juan Escalante noted that the platform enables operators to respond quickly to changing transportation needs while maintaining efficiency.
The Philippine delivery is part of a broader regional expansion for the aircraft type. On May 15, 2026, Textron Aviation delivered the first Cessna SkyCourier to the Republic of the Marshall Islands for use by AIR Marshall Islands. To support growing global demand, the manufacturer announced the completion of an expanded flight test hangar at its East Wichita Campus on May 29, 2026.
AirPro News analysis
The introduction of the Cessna SkyCourier into the Philippine market highlights a growing requirement for flexible, high-capacity utility turboprops in archipelagic regions. For operators like LEASCOR, the ability to rapidly switch between passenger and cargo configurations without requiring specialized ground support equipment provides a distinct economic advantage. We view the SkyCourier’s unpaved runway capability and standard LD3 container compatibility as critical factors for logistics networks operating outside major hub airports. As older utility aircraft in the region approach the end of their operational lifecycles, the SkyCourier is positioned to capture replacement demand in markets where infrastructure constraints dictate aircraft selection.
Sources: Textron Aviation
Photo Credit: Textron Aviation
Aircraft Orders & Deliveries
Boeing 777-9 Receives FAA TIA Phase 4B Clearance
The FAA granted Boeing 777-9 Type Inspection Authorization Phase 4B, enabling direct agency participation in final flight testing.
This article summarizes reporting by Aviation Week by Karen Walker.
The Boeing 777-9 has secured Type Inspection Authorization Phase 4B from the Federal Aviation Administration, clearing the way for agency personnel to directly participate in the aircraft’s final flight testing. Boeing Commercial Airplanes President and CEO Stephanie Pope announced the regulatory milestone on June 6, 2026, during the International Air Transport Association Annual General Meeting in Rio de Janeiro, Brazil.
According to Aviation Week, the approval marks a critical transition for the delayed widebody program. The Phase 4B authorization permits the Federal Aviation Administration (FAA) to evaluate the aircraft’s avionics, human factors, and stability and control systems in flight, shifting the focus from component-level validation to integrated operational assessments.
Advancing through the certification phases
The Type Inspection Authorization (TIA) process consists of five distinct phases. Pope noted that the previous Phase 4A was a smaller step, while Phase 4B represents one of the most substantial remaining hurdles before final certification.
“This authorization unlocks the largest remaining portion of our flight tests with the FAA that we can now go execute,”
Pope stated, as reported by Aviation Week. She added that the testing will now heavily focus on avionics and non-normal operations, allowing the manufacturer to validate checklists and system redundancies alongside regulators.
Timeline discrepancies and delivery targets
The manufacturer and the regulator have offered slightly different timelines for the final certification of the Boeing 777-9. During her June 6 remarks, Pope indicated that Boeing is focused on completing flight tests and achieving certification by the end of 2026.
However, FAA Administrator Bryan Bedford provided a different estimate during the CAPA Americas Airline Leader Summit in late May 2026. Bedford stated that the agency expects to certify the Boeing 737 MAX 7 and Boeing 737 MAX 10 by the end of 2026, with the 777X program following in early 2027. Initial commercial deliveries of the 777-9 are currently projected for early 2027.
AirPro News analysis
The transition to TIA Phase 4B is a definitive signal that the FAA is satisfied with Boeing’s preliminary data and is ready to commit agency resources to in-flight validation. For a program that has faced years of delays, reaching this stage indicates that the aircraft’s core systems are stable enough for direct regulatory scrutiny.
We note that the slight divergence in certification timelines between Boeing and the FAA is standard for this phase of a major aircraft program. The FAA’s projection of early 2027 aligns with the agency’s current rigorous oversight posture, prioritizing thoroughness over manufacturer targets. Even if certification slips into 2027, the early 2027 delivery target remains plausible provided no major anomalies are discovered during the Phase 4B flight tests.
Sources: Aviation Week
Photo Credit: Boeing
Aircraft Orders & Deliveries
Airbus Nears Widebody Order With Scandinavian Airlines SAS
Airbus is finalizing a deal to supply SAS with 15-20 A330neo and A350 jets for delivery in the early 2030s.
This article summarizes reporting by Reuters citing Bloomberg News.
Airbus SE is finalizing an agreement to supply Scandinavian Airlines (SAS AB) with 15 to 20 widebody aircraft, securing critical delivery slots for the carrier in the early 2030s.
According to reporting by Bloomberg News, summarized by Reuters on June 6, 2026, the prospective order includes a mix of Airbus A330neo and Airbus A350 jets. The decision to select the European manufacturer over Boeing Co. aligns with the airline’s strategy to maintain fleet commonality and control operational costs across its long-haul network.
Strategic Fleet Commonality
SAS currently operates an all-Airbus widebody fleet featuring newer A350s and older A330 aircraft. In February 2026, SAS Chief Executive Officer (CEO) Anko van der Werff confirmed the airline was evaluating proposals from both Airbus and Boeing for a large widebody acquisition.
The carrier intends to finalize the agreement in the coming weeks. This fleet renewal supports the airline’s planned growth at its primary Copenhagen Kastrup Airport (CPH) hub. The expansion follows a recent equity investment from Air France-KLM and the Scandinavian carrier’s transition to the SkyTeam alliance.
Navigating Geopolitical and Fuel Pressures
The fleet investment comes as SAS navigates severe operational headwinds. The ongoing Iran war and the effective closure of the Strait of Hormuz have driven jet fuel prices to record highs.
Reuters reported that these fuel cost spikes recently forced the airline to reduce its flight schedule. Securing next-generation, fuel-efficient aircraft like the A330neo and A350 is a critical component of mitigating long-term exposure to volatile energy markets.
AirPro News analysis
We view the SAS decision to stick with Airbus as a pragmatic move to avoid the transition costs associated with introducing a new aircraft type into the fleet. Pilot training, maintenance tooling, and spare parts inventory for a mixed Boeing and Airbus widebody operation would likely erode the economic benefits of a split order. Securing delivery slots for the early 2030s now protects the airline against ongoing supply chain constraints that continue to limit widebody availability across the industry.
Sources: Reuters
Photo Credit: Airbus
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