DAE announces full year 2020 business transactions update

Signs 125 Lease agreements and extensions

  

Dubai – Dubai Aerospace Enterprise (DAE) Ltd. today announced its business transactions update for full year 2020 for its aircraft leasing division, DAE Capital:

Business Transactions Update – Full Year 2020:

  • Number of new underwriting aircraft purchase commitments: 55 (owned: 38; managed: 17)
  • Number of aircraft acquired: 38 (owned: 23; managed: 15)
  • Number of aircraft sold: 28 (owned: 14; managed: 14)
  • Lease agreements and extensions signed: 125 (owned: 109; managed: 16)
  • Fleet Size (Owned, Managed, Committed and Mandated to Manage): ~425
  • Customers: 108; Countries: 53
  • Owned Fleet Utilization (at year-end 2020): 98.2%
  • Owned Fleet Average age (years): 6.2
  • Owned Fleet Average lease term remaining (years): 6.6
  • Bond repurchases: US$192 million
  • Share repurchases: US$350 million

-Ends-

About DAE

Dubai Aerospace Enterprise (DAE) Ltd. is a globally recognized aerospace corporation with two divisions: Aircraft Leasing and Engineering. Headquartered in Dubai, DAE serves over 170 airline customers in over 65 countries from its seven office locations in Dubai, Dublin, Amman, Singapore, Miami, New York and Seattle.

DAE’s award-winning Aircraft Leasing division has an owned, managed, committed and mandated to manage fleet of approximately 425 Airbus, ATR and Boeing aircraft with a fleet value exceeding US$16 billion. DAE’s Engineering division serves customers in Europe, Middle East, Africa and South Asia from its state-of-the-art facility accommodating up to 15 wide and narrow body aircraft. It is authorized to work on 13 aircraft types and has regulatory approval from over 25 regulators globally. More information can be found on the company’s web site at www.dubaiaerospace.com

For further information, please contact:
Media Fixed Income Investors
Arne Bevaart Sinan Kahya
+971 4 428 9591 +971 4 428 9593
press.office@dubaiaerospace.com  investorrelations@dubaiaerospace.com 

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