Dubai, U.A.E., 14 January 2019 – Dubai Aerospace Enterprise (DAE) Ltd. today announced its 2018 key strategic and operational highlights for its leasing division, DAE Capital:

Strategic highlights:
Received an investment grade corporate credit rating of BBB+ from KBRA and received an upgrade of existing corporate credit ratings from Moody’s and S&P Global
Issued US$3.0 billion of new unsecured debt
Announced a debt repurchase program of up to US$600 million
Took delivery of its first five Boeing 737 MAX 8 aircraft
Signed an MOU with Emirates Aviation University to cooperate on learning and work experience programs

Operational highlights:
Owned, managed and committed aircraft in fleet: 354
Customers: 109; Countries: 57
Portfolio Utilization: 100%
New aircraft purchased: 28
Aircraft assets sold: 50
Lease transactions completed: 59
Average age of owned fleet: 5.9 years
Average lease term remaining on owned fleet: 6.4 years