DAE Capital, the aircraft leasing division of Dubai Aerospace Enterprise (DAE), said it has delivered the fourth Boeing 777 freighter to Emirates Sky Cargo under a long-term lease.

"The arrival of 777F is a valuable addition to our freighter fleet – comprising four 777Fs and four 747Fs - and will enable us to facilitate even more trade between points on our expanding route network, further consolidating Dubai’s position as a global trade hub,” said Sheikh Ahmed bin Saeed Al Maktoum, the chairman, chief executive of Emirates.

“We took delivery of our first Boeing 777F in early 2009 and are very satisfied with its performance," remarked Sheikh Ahmed.

"It is the most technologically advanced freighter in operation; it’s reliable, has excellent long-range capabilities and – having provided us increased flexibility to offer customers creative solutions to the most challenging cargo, such as heavy and oversized shipments – it has helped strengthen Emirates SkyCargo’s position as an industry leader in the global cargo market," he added.

Commenting on the leasing, DAE managing director Khalifa Al Daboos said: “DAE is delighted to be have provided all four 777 freighters in the Emirates SkyCargo’s fleet. Emirates is an important client and we look forward to building on our relationship to provide solutions for their growing needs.”

DAE is a globally recognized aerospace company specializing in maintenance, repair and overhaul (MRO) services, aircraft completions and aircraft leasing. The Dubai-based company operates in four continents and employs over 4,000 people.-TradeArabia News Service