DAE announces Q1 2018 strategic and operational highlights

Editor -

Dubai, U.A.E., 17 April 2018 – Dubai Aerospace Enterprise (DAE) Ltd. today announced its Q1 2018 key strategic and operational highlights for its leasing arm DAE Capital:

Strategic highlights Q1 2018

  • DAE Capital / AWAS operational integration completed on time, with all management objectives fully achieved; today, DAE functions as one company offering the highest levels of customer service across its six global offices.
  • Top five globally ranked operating lease company (by fleet size).
  • Launched third-party aviation asset management unit (DAE Aircraft Investor Services) - target assets under management of $5 billion.
  • Continued to demonstrate industry-leading initiative by becoming a launch customer for Rolls-Royce’s LessorCare.
  • Appointed Abdulmalek Murad (formerly of Etihad and Gulf Air) as Chief Operating Officer for its engineering division Joramco.

Operational highlights Q1 2018

  • Six new aircraft purchased.
  • 15 leasing transactions completed.
  • 382 owned, managed and committed aircraft in fleet.
  • 111 current customers in 55 countries.
  • Average age of owned fleet: 5.74 years (Ascend Indicative Market Value).
    Average lease term remaining on owned fleet: 6.02 years (Ascend Indicative Market Value).
  • 17 committed pipeline units and 10 committed purchase lease back units in place.

Recognition

  • Received both the Aviation 100 and Global Transport Finance ‘M&A Deal of the Year’ awards, recognizing the strategic importance of the DAE / AWAS merger to the industry.