DAE announces 2017 strategic and operational highlights

Dubai, U.A.E., 9 January 2018 – Dubai Aerospace Enterprise (DAE) Ltd. today announced its 2017 key strategic and operational highlights for its leasing arm DAE Capital:

Strategic highlights for the year 2017

Completed the acquisition of AWAS, catapulting DAE into the top tier of global lessors
Launched its inaugural ABS ‘Falcon 2017-1’ in February 2017 and sold the E notes to sophisticated US capital markets investors
Issued its inaugural $2.3bn benchmark bond in the US capital markets
Purchased a portfolio of 14 ATR72-600 aircraft from GECAS, further solidifying DAE’s position as a leading lessor in the ATR space

Operational highlights for the year 2017

Number of aircraft purchased: 37
Number of aircraft sold: 25
Number of leasing transactions: 78
Owned, managed and committed number of aircraft in fleet: 383
Number of customers: 109 in 55 countries
Average age of owned fleet: 5.7 years
Average lease term remaining on owned fleet: 6.1 years