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$40 billion

Dubai Aerospace in talks to place huge order for 400 jets

DUBAI: Dubai Aerospace Enterprise (DAE), one of the world’s largest aircraft lessors, is in talks to buy a near-record total of 400 jetliners from Airbus and Boeing said its CEO, in a $40 billion blowout that would match the order pipeline of rivals. The move comes months after a leading U.S. airline investor orchestrated a record deal involving more than 400 planes from Airbus as economists’ project strong growth for air travel, led by the continued expansion of budget carriers. Airbus and Boeing have sold thousands of…