(NSI News Source Info) DUBAI - March 3, 2009: DAE Capital, the aircraft leasing and financial arm of state-owned Dubai Aerospace Enterprises, said on Monday it agreed to dry-lease eight Boeing 737-800s to Garuda Indonesia airline. The short-haul aircraft are due to be delivered by Boeing from June 2009, DAE said in a statement. A dry lease is one without insurance, crew or maintenance. Garuda is one of six government-owned firms which are considering an initial public offering either this year or next year, Indonesia's state enterprises minister said in February. DAE Capital is investing $27 billion in aircraft, including 100 Airbus A320s, A350 XWBs and 100 Boeing 737 aircraft and wide-body planes.
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