DAE announces Full Year 2020 Business Transactions update

Editor -

Dubai, U.A.E., 10 January 2021 – Dubai Aerospace Enterprise (DAE) Ltd. today announced its business transactions update for full year 2020 for its aircraft leasing division, DAE Capital:

Business Transactions Update – Full Year 2020:

  • Number of new underwriting aircraft purchase commitments: 55 (owned: 38; managed: 17)
  • Number of aircraft acquired: 38 (owned: 23; managed: 15)
  • Number of aircraft sold: 28 (owned: 14; managed: 14)
  • Lease agreements and extensions signed: 125 (owned: 109; managed: 16)
  • Fleet Size (Owned, Managed, Committed and Mandated to Manage): ~425
  • Customers: 108; Countries: 53
  • Owned Fleet Utilization (at year-end 2020): 98.2%
  • Owned Fleet Average age (years): 6.2
  • Owned Fleet Average lease term remaining (years): 6.6
  • Bond repurchases: US$192 million
  • Share repurchases: US$350 million