Dubai Aerospace Enterprise (DAE), via an affiliate, has signed a definitive agreement to acquire the rights, interests, and obligations of a portfolio of 64 Boeing 737 MAX aircraft from a wholly-owned subsidiary of China Aircraft Leasing Group (CALC). The portfolio includes 737-8, 737-9 and 737-10 variants. Delivery of the aircraft is scheduled to occur between 2023 and 2026. The terms of the transaction were not disclosed. However, CALC announced the novation agreement for the aircraft portfolio in a stock filing on August 14, sharing that the company has agreed to novate the purchase agreement to DAE of 64 Boeing aircraft
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