On the occasion of the Singapore Airshow, the European turboprop aircraft manufacturer ATR and the United Arab Emirates’ leasing firm Dubai Aerospace Enterprise (DAE) announced a contract for the purchase of 40 ATR 72-600s, which includes firm orders for 20 aircraft and options for 20 additional ones. DAE is the largest aviation leasing firm in the Middle East with an aircraft portfolio of approximately $3.3bn comprised of B737s, B777s, A320s and A330s. This latest deal represents DAE’s first order for regional aircraft. The 20 firm aircraft are scheduled to deliver between 2015 and 2018. The contract is a major milestone in ATR’s recent history and underlines the increasing interest of leasing firms from all over the world in the ATR aircraft family. The ATR 72-600, equipped with new avionics suite and totally redesigned cabin interiors, has become in recent years the preferred regional aircraft below 90 seats for lessors and airlines operating short-haul networks.