Hongtu Airlines gets two new Airbus A320 leased from DAE Capital

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December 19, 2017: Dubai Aerospace Enterprise (DAE) has announced that its China-based leasing division, DAE Capital and Yunnan Hongtu Airlines have today completed a lease agreement for two new Airbus A320-200 aircraft.

According to reports, the modern and fuel efficient planes will be delivered in 2018, and are part of a direct order that DAE has with Airbus. The aircraft will be equipped with CFM 56-5B4/3 PIP engines.

This latest addition to the Hongtu A320 family fleet will help the carrier in capitalising on China's increasing domestic demand for leisure and business air travel, offering a high-end, customised service to its passengers.

Hongtu currently has a fleet of three Airbus A320 aircraft, and operates flights to 10 domestic destinations.

Commenting on the deal, DAE Chief Executive Officer, Firoz Tarapore said, 'DAE is pleased to welcome on board one of China's youngest airlines. Our current forward order puts us in a great position to support Hongtu's 2018 fleet strategy, and we look forward to growing our relationship in line with the airline's ambitious growth plans.'

Commenting on the deal, Hongtu Airlines Chief Executive Officer, Liu Gang said, 'Hongtu is delighted to be working with DAE as it embarks upon its fleet expansion. Going forward, we expect to continue working with lessors, such as DAE to support our growth strategy.'

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