DAE reports 2019 highlights
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