DAE acquires 13 aircraft, sells 7 aircraft, and signs 48 lease transactions in the First Quarter of 2021

Editor -

Dubai, U.A.E., 12 April 2021 – Dubai Aerospace Enterprise (DAE) Ltd today announced its business transactions update for first quarter 2021 for its aircraft leasing division, DAE Capital:

Business Transactions Update – First Quarter 2021:

  • Number of aircraft acquired: 13 (owned: 9; managed: 4)
  • Number of aircraft sold: 7 (owned: 4; managed: 3)
  • Lease agreements and extensions signed: 48 (owned: 43; managed: 5)
  • Number of new servicing agreements: 1
  • New senior unsecured debt issuance: US$1.55 billion; weighted average maturity (years):5.25
  • Bond repurchases: US$0
  • Share repurchases: US$0
  • Fleet Size (Owned, Managed, Committed and Mandated to Manage): ~425
  • Customers: 108; Countries: 52
  • Owned Fleet Utilization (at March 31, 2021): 98.6%
  • Owned Fleet Average Age (years): 6.0
  • Owned Fleet Average Lease Term Remaining (years): 6.8