Dubai Aerospace Enterprise (DAE), one of the leading aircraft leasing companies on the market, is currently negotiating with Airbus and Boeing about acquiring 400 single-aisle aircraft. If discussions with the manufacturers are inconclusive, the UAE-based lessor is ready to buy out a rival.

Firoz Tarapore, Chief Executive at DAE, told Reuters on May 17, 2018, that the Dubai public company was interested in 400 of Airbus A320s and Boeing 737 MAXs. The order would not be evenly shared between the two plane makers.

Such an order would represent a contract of more than $40 billion at list prices, even though a discount would most likely be applied. So far, the price offered by the manufacturers does not satisfy Tarapore.

On August 20, 2017, DAE bought its Dublin-based rival AWAS Group. Thanks to this acquisition, it expanded its fleet to over 400 aircraft, valued at over $14 billion, and lifting DAE up to being one of the top 10 global aircraft lessors.