AviationNews – Dubai Aerospace Enterprise (DAE) has signed a purchase and long-term leaseback agreement with Saudia for four new Boeing 777F freighters. This agreement significantly bolsters the Saudi flag carrier’s cargo capacity and strengthens its network across key international trade routes.
Under the terms of the transaction, global aviation lessor DAE will acquire the four twin-engine freighters and lease them back to Saudia under long-term contracts. Aircraft deliveries are scheduled to begin in October 2026 and continue through May 2027. The deal supports Saudia Cargo’s strategic growth plan within the framework of Saudi Vision 2030, effectively doubling the airline’s dedicated Boeing 777F fleet from four to eight aircraft. DAE currently owns, manages, or has commitments for more than 1,000 aircraft worldwide, including over 250 built by Boeing.
The Boeing 777F is a factory-built widebody freighter designed for long-haul cargo transport, featuring a reinforced airframe, optimized cargo loading systems, and a large main-deck door. Capable of carrying a payload of approximately 103 tonnes, the aircraft offers high fuel efficiency and operational reliability on transcontinental routes connecting Asia, Europe, Africa, and the Americas. Adding four identical aircraft enables Saudia Cargo to maintain complete fleet commonality, simplifying pilot training, maintenance procedures, and spare-parts logistics.
“We are pleased to announce a purchase-leaseback agreement for four Boeing 777F aircraft with Saudia,” stated Firoz Tarapore, Chief Executive Officer of DAE. “This transaction reflects our continued commitment to supporting our airline customers with high-quality, in-demand aircraft. These aircraft will support the airline’s expanding cargo operations and enhance its ability to serve key markets across its global network.”
The influx of dedicated freighter capacity positions Saudia Cargo to capture increasing global demand driven by e-commerce expansion and international trade. As Middle Eastern aviation hubs continue to expand their logistical footprint, sale-leaseback agreements offer airlines an efficient path to fleet growth while preserving capital for broader strategic investments.
The partnership between DAE and Saudia marks a major milestone in Middle Eastern cargo operations. Securing these four Boeing 777 freighters ensures sustained capacity expansion and solidifies Saudia’s position as a central player in global supply chain logistics.
