DAE reports 1H 2019 highlights Delivers and commits to US$1.1 billion in aircraft assets

Dubai UAE

Sallam Sallam

Dubai Aerospace Enterprise (DAE) Ltd. today announced its 1H 2019 key strategic and operational highlights for its leasing division, DAE Capital

Strategic and operational highlights

Delivered and committed to deliver over US$1.1 billion in aircraft assets

Grew managed assets portfolio to 51 aircraft valued at US$1.3 billion

Boosted liquidity by adding a new US$440 million revolving credit facility

Increased Unsecured Debt-To-Total Debt ratio to nearly 60%

Repurchased shares held by EMAAR – now 100% owned by ICD

Operational metrics:

Owned, managed and committed aircraft in fleet: 357

Customers: 110; Countries: 56

Portfolio Utilization: 99.2%

New aircraft purchased: 8

Aircraft assets sold: 20

Lease transactions completed: 24

Average age of owned fleet: 5.9 years

Average lease term remaining on owned fleet: 6.4 years

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