Dubai Aerospace Enterprise Expects to Receive Half of Boeing Deliveries This Year

The CEO of Dubai Aerospace Enterprise predicted that its aircraft leasing unit, Dubai Aerospace Enterprise Capital, will receive about half of the number of aircraft that Boeing had previously committed to deliver this year. Dubai Aerospace Enterprise, one of the top ten leasing companies in the world with a fleet of 500 aircraft it owns, manages, or has ordered, stated that Boeing delivered only one aircraft in the first quarter and is expected to deliver four aircraft in the second quarter. The company's CEO, Firoz Tarapor, mentioned in a conference call with analysts that "the only thing we can reliably expect from Boeing these days is a notice of delivery delay instead of the aircraft."