Dubai, U.A.E., 12 July 2018 – Dubai Aerospace Enterprise (DAE) Ltd. today announced its Q2 2018 key strategic and operational highlights for its leasing arm DAE Capital:

Strategic highlights:

Delivered first of five Boeing 737 MAX 8 aircraft to GOL
Delivered first two of five new Boeing 787-9 Dreamliners to Gulf Air
Announced the sale of 16 aircraft portfolio valued at approximately US$900 million agreed with three counterparties
Signed a landmark unsecured revolving credit facility with conventional and Islamic tranches of up to US$800 million
David Houlihan appointed to newly created role of President, DAE Capital

Operational highlights:

New aircraft purchased: 9
Leasing transactions completed: 26
Owned, managed and committed aircraft in fleet: 375
Customers: 110. Countries: 56
Portfolio utilization: 99.7%
Average age of owned fleet: 5.74 years
Average lease term remaining on owned fleet: 5.72 years


Received two Airfinance Journal awards for Bank Loan Deal of the Year and Operating Lease Deal of the Year

The half-year financial results call will be held on 22 August 2018.