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    Home » Dubai Aerospace leases 7 Airbus A321 Neo aircraft to IndiGo
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    Dubai Aerospace leases 7 Airbus A321 Neo aircraft to IndiGo

    February 22, 2021
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    Dubai Aerospace Enterprise (DAE) today announced that it had signed long-term lease agreements for 7 Airbus A321  Neo aircraft with IndiGo, India’s largest passenger airline. All 7 aircraft will be powered by CFM International’s Leading Edge Aviation Propulsion (LEAP) engines and are scheduled to be delivered in 2021.

    Firoz Tarapore, Chief Executive Officer of DAE said, “We are delighted to add this fuel-efficient aircraft and popular aircraft type to our leased aircraft portfolio. This investment reiterates our commitment to invest in new, fuel-efficient aircraft to minimize carbon and nitrogen emissions as well as noise while at the same time increase performance, reliability and environmental sustainability.”

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    Automotive July 28, 2026

    Porsche to cut 5000 more jobs under restructuring plan

    German luxury sports car manufacturer Porsche announced an agreement with labor representatives on Monday to reduce its workforce by an additional 5,000 positions by 2035 as part of a restructuring program. The decision brings total planned job eliminations across the company to approximately 9,000 positions, representing roughly 21 percent of its 42,066 workforce. Company leadership confirmed that Porsche to cut 5,000 more jobs under restructuring plan negotiations following months of talks between management and labor councils. The initiative aims to bolster operational efficiency as the vehicle producer confronts declining market share in Asia, elevated global tariffs, and sluggish demand for electric vehicles.

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