DAE acquired 41 aircraft, sold 30 aircraft, and signed 200 lease transactions in 2021

Editor -

Dubai, U.A.E., 5 January 2022 – Dubai Aerospace Enterprise (DAE) Ltd today announced its business transactions update for the full year 2021 for its aircraft leasing division, DAE Capital:

Business Transactions Update – Full Year 2021:

  • Number of aircraft acquired: 41 (owned: 18; managed: 23)
  • Number of aircraft sold: 30 (owned: 20; managed: 10)
  • Lease agreements, extensions and amendments signed: 200 (owned: 167; managed: 33)
  • Number of new servicing agreements: 4 covering 7 aircraft
  • Fleet Size (Owned, Managed, Committed and Mandated to Manage): ~425
  • Customers: 112; Countries: 54
  • Owned Fleet Average Age (years): 6.7
  • Owned Fleet Average Lease Term Remaining (years): 6.2
  • Owned Fleet Portfolio Contracted: 99.3%
  • New unsecured Notes issuance: US$2,550 million; Weighted average coupon: 2.31%
  • Total unsecured Notes redemption: US$2,189 million; Weighted average coupon: 5.07%
  • Open market bond repurchases: US$3 million
  • Share repurchases: US$150 million
  • Inaugural Sustainalytics ESG Risk Rating: 14.1