Dubai, U.A.E., 13 January 2020 – Dubai Aerospace Enterprise (DAE) Ltd. today announced its 2019 key strategic and operational highlights for its leasing division, DAE Capital:

Strategic and operational highlights:

  • Delivered and committed to deliver over US$1.75 billion in aircraft assets
  • Grew managed and committed to manage assets portfolio to over 125 aircraft valued at US$3.5 billion
  • Issued US$1.9 billion of new unsecured debt; Unsecured Debt-To-Total Debt: 61.5%
  • Repurchased US$807 million of common shares
  • Reduced Notes Receivable from Shareholder by US$700 million

Operational Metrics:

  • Owned, managed and committed to own and manage aircraft in fleet: ~410
  • Customers: 112; Countries: 56
  • Portfolio Utilization: 100%
  • Aircraft assets purchased: 13
  • Aircraft assets sold: 41
  • Lease transactions completed: 35
  • Average age of owned fleet: 6.0 years
  • Average lease term remaining on owned fleet: 6.3 years