DUBAI, UAE - Dubai Aerospace Enterprise (DAE) Capital has selected Parker Aerospace, an operating group of Parker Hannifin, the global leader in motion and control technologies to supply hydraulic engine-driven and AC motor pumps on its Boeing 737-800 and Airbus A320 aircraft.
Parker Aerospace's Hydraulic Systems Division, with facilities in Kalamazoo, Michigan, and Wiesbaden, Germany, will supply the engine-driven pumps and AC motor pumps for the aircraft. These pumps are used to provide pressure to the hydraulic systems that support actuation throughout the aircraft, including, flight controls, the landing gear, thrust reversers, and cargo doors.
Bob Genise, CEO of DAE Capital, said "We at DAE are delighted with our selection of Parker hydraulic pumps and believe their equipment's mature design and reliability, resulting in lower operating costs will greatly benefit our customers."
"Parker is honored to have been selected to provide hydraulic pumps for DAE's aircraft," said Parker Aerospace Hydraulic Systems Division Vice President and General Manager Greg Bierlein. "We look forward to working with DAE and providing needed support to its fleet of aircraft."
Delivery of DAE's 70 Boeing 737-800s will begin in 2010, with deliveries of 70 Airbus A320s beginning in 2011.
- 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 Parker Aerospace: www.parker.com
Parker Aerospace is an operating segment of Parker Hannifin Corporation. Parker Aerospace designs, manufacturers, and services hydraulic, fuel, flight control, engine, and fluid conveyance and components and systems, and related electronic controls for aerospace and other high-technology markets. Based in Irvine, California, its products lines include flight control actuation systems and components, thrust-reverser actuation systems, electrohydraulic servovalves, utility hydraulic systems and components, DC motor pumps, fuel pumps, motor operated valves and fuel equipment, lubrication oil reservoirs, lubrications and scavenge pumps, fuel measurements and management systems, cockpit instrumentation, flight inspection systems, lightning-safe products, pneumatic subsystems and components, fluid metering delivery and atomization devices, wheels, brakes, and fluid conveyance products such as hoses, tubes, disconnects, and fittings.
About Parker Hannifin
With annual sales exceeding $10 billion in fiscal year 2009, Parker Hannifin is the world's leading diversified manufacturer of motion and control technologies and systems, providing precision-engineered solutions for a wide variety of mobile, industrial and aerospace markets. The company employs approximately 52,000 people in 48 countries around the world. Parker has increased its annual dividends paid to shareholders for 53 consecutive years, among the top five longest-running dividend-increase records in the S&P 500 index.
For further information contact:
Alison Dittmeier
Tel: +1 949 851 3515
Email: adittmeier@parker.com
Munther Juma
Tel:+971 50 4502333
Email: munther.juma@dubaiaerospace.com
Noora AlMazrooie
Tel: +971 50 6513184
Email: noora.almazrooie@dubaiaerospace.com
© Press Release 2009
