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
