DAE reports 1H 2019 highlights

Dubai, U.A.E., 11 July 2019 – Dubai Aerospace Enterprise (DAE) Ltd. today announced its 1H 2019 key strategic and operational highlights for its leasing division, DAE Capital:

Strategic and operational highlights:
Delivered and committed to deliver over US$1.1 billion in aircraft assets
Grew managed assets portfolio to 51 aircraft valued at US$1.3 billion
Boosted liquidity by adding a new US$440 million revolving credit facility
Increased Unsecured Debt-To-Total Debt ratio to nearly 60%
Repurchased shares held by EMAAR – now 100% owned by ICD

Operational metrics:
Owned, managed and committed aircraft in fleet: 357
Customers: 110; Countries: 56
Portfolio Utilization: 99.2%
New aircraft purchased: 8
Aircraft assets sold: 20
Lease transactions completed: 24
Average age of owned fleet: 5.9 years
Average lease term remaining on owned fleet: 6.4 years