DAE Capital, the aircraft leasing and financing division of Dubai Aerospace Enterprise (DAE) has reportedly canceled orders for 18 Airbus A320s and seven Airbus A350. DAE had signed a firm contract for the purchase of 30 A 350-900 and 70 A320s. The contract was signed following a Memorandum of Understanding signed at the 2007 Dubai Air Show. The cancellations are valued at USD 3 billion.

DAE has also canceled 10 Boeing 777s and 15 Boeing 787. DAE had ordered 228 Boeing aircraft.