DUBAI, UAE, 9 November, 2009 - DAE Capital, the aircraft leasing and financial business arm of Dubai Aerospace Enterprise (DAE), delivered last week in Jakarta, Indonesia the second Boeing 737-800 Next-Generation aircraft to Garuda the national flag carrier of Indonesia.

The delivery follows the first which was delivered earlier in August of this year. It is one of eight new B737-800 aircraft to be delivered to Garuda between June 2009 and April 2010.

H.E. Dr. Omar Bin Sulaiman, DAE Group Managing Director, said: "DAE's second delivery to Garuda further expands our fleet portfolio and shows the commitment of DAE Capital to it's clients and customers worldwide. This delivery further strengthens DAE Capital's relationship with Indonesia's largest airline."

Bob Genise, CEO of DAE Capital, said: "With the delivery of this our second B737-800 delivery to Garuda, DAE Capital is delighted to continue to assist the refleeting of Indonesia's largest airline with these modern and fuel efficient aircraft."

Emirsyah Satar, President & CEO Garuda Indonesia: "We appreciate the outcome of our outstanding relationship with DAE and commitment to grow the fleet portfolio together with DAE Capital which certainly is a great value-added and mutual transaction for both Garuda and DAE".

DAE Capital's fleet currently comprises 37 single aisle and wide-body aircraft. Furthermore, it has an additional 24 aircraft contracted of which 15 are on a purchase and lease back basis. DAE Capital has committed to invest in a fleet portfolio with an estimated market value of $27 billion that will gradually encompass 100 Airbus A320 family and A350 XWB aircraft, and 100 Boeing 737 Next Generation aircraft and wide-body planes, which will commence delivery in 2010.

-Ends-

About DAE Capital: www.daecapital.com 
DAE Capital is part of Dubai Aerospace Enterprise, a fast developing global aerospace, manufacturing and services corporation. Being established as an aircraft leasing and finance business, DAE Capital aims to become one of the largest aircraft leasing companies serving an international market, inside the next decade. It aims to support the incredible demand for new aircraft globally, with a balanced quality portfolio of single-aisle and wide-body aircraft.

DAE Capital offers clients and investors a proposition few others can match. As one of the divisions of DAE, the group provides a synergised cluster of aerospace services, allowing customers to benefit from a world-class shared knowledge and service pool.  Its unrivalled position allows it to provide advanced value-added services to airlines in conjunction with the other DAE segments such as engineering, maintenance, repair and overhaul. DAE Capital seeks to become an integral part of the global aerospace industry and a leading player on the world stage in terms of aircraft leasing and finance. 

About DAE: www.dubaiaerospace.com 
Dubai Aerospace Enterprise is building a globally recognized aerospace corporation with operations from aircraft leasing, maintenance, repair and overhaul (MRO), and Aviation IT solutions. It is creating an innovative business that builds on Dubai's dynamism and continuous growth in Aviation.  

Headquartered in Dubai, the group is growing through a series of phased developments and acquisitions to become a global player and to produce an integrated aerospace cluster, based at Dubai World Central - the new 140 square kilometre airport and logistics city being constructed in Jebel Ali, Dubai. It is forming international partnerships at the highest level of industry with the aim of establishing one of the most innovative and successful businesses in the global aerospace industry within the next decade.

About Garuda Indonesia: www.garuda-indonesia.com
Garuda Indonesia is the national flag carrier of Indonesia, with fleet of 67 single aisle and wide body jet aircraft. The airline currently flies to 48 destinations in Indonesia, Australia, China, Japan, Korea, Middle East and South East Asia.

After carrying out an organisational restructuring and business transformations, Garuda Indonesia has succeeded to turn around to profit consecutively in 2007 and 2008. Garuda Indonesia continually improves its quality of services through improvement programs such as Indonesia hospitality (Garuda Experiences), Internet booking and networks expansions.

As part of an on-going fleet revitalization program, Garuda Indonesia has ordered 50 Boeing 737-800 Next Generation aircraft and 10 Boeing 777-300 Extended Range aircraft for delivery commencing 2009.

For further information contact: 
Munther Juma on +971 50 4502333 / Munther.juma@dubaiaerospace.com
Noora AlMazrooie on +971 50 6513184  / Noora.almazrooie@dubaiaerospace.com

© Press Release 2009