Dubai, U.A.E
Sallam Sallam
Dubai Aerospace Enterprise (DAE) Ltd. today announced its 2019 key strategic and operational highlights for its leasing division, DAE Capital
Strategic and operational highlights
Delivered and committed to deliver over US$1.75 billion in aircraft assets
Grew managed and committed to manage assets portfolio to over 125 aircraft valued at US$3.5 billion
Issued US$1.9 billion of new unsecured debt; Unsecured Debt-To-Total Debt: 61.5%
Repurchased US$807 million of common shares
Reduced Notes Receivable from Shareholder by US$700 million
Operational Metrics
Owned, managed and committed to own and manage aircraft in fleet: ~410
Customers: 112; Countries: 56
Portfolio Utilization: 100%
Aircraft assets purchased: 13
Aircraft assets sold: 41
Lease transactions completed: 35
Average age of owned fleet: 6.0 years
Average lease term remaining on owned fleet: 6.3 years
