DAE acquired 16 aircraft, sold 16 aircraft, placed OEM order for 15 aircraft, and signed 91 lease transactions in the First Half of 2021

Editor -

Dubai, U.A.E., 1 July 2021 – Dubai Aerospace Enterprise (DAE) Ltd today announced its business transactions update for the first half of 2021 for its aircraft leasing division, DAE Capital:

Business Transactions Update – First Half 2021:

  • Number of new underwriting aircraft purchase commitments: 26 (owned: 15; managed: 11)
  • Number of aircraft acquired: 16 (owned: 10; managed: 6)
  • Number of aircraft sale agreements signed: 27 (owned: 20; managed: 7)
  • Number of aircraft sold: 16 (owned: 10; managed: 6)
  • Lease agreements, extensions and amendments signed: 91 (owned: 78; managed: 13)
  • Fleet Size (Owned, Managed, Committed and Mandated to Manage): ~425
  • Customers: 110; Countries: 52
  • Owned Fleet Average Age (years): 6.2
  • Owned Fleet Average Lease Term Remaining (years): 6.6
  • New Senior Unsecured Debt Issued: US$2,550 million; weighted average tenor and coupon: 4.5 years and 2.31%, respectively
  • Senior Unsecured Debt Redeemed: US$1,704 million; weighted average term remaining and coupon: 2.3 years and 4.99%, respectively
  • OEM Engagement: Ordered 15 Boeing 737 MAX 8 aircraft valued at approximately US$1.8 billion at current list prices