Dubai Aerospace Enterprise (DAE), a global aviation services company, said in its business transactions update for the full year 2021 that it acquired 41 aircraft, sold 30 and signed 200 lease transactions during the year.

Highlights of Business Transactions Update – Full Year 2021:

• Number of aircraft acquired: 41 (owned: 18; managed: 23)

• Number of aircraft sold: 30(owned: 20; managed: 10)

• Lease agreements, extensions and amendments signed: 200(owned: 167; managed: 33)

• Number of new servicing agreements: 4 covering7 aircraft

• Fleet Size (Owned, Managed, Committed and Mandated to Manage):~425

• Customers: 112; Countries: 54

• Owned Fleet Average Age (years): 6.7

• Owned Fleet Average Lease Term Remaining (years): 6.2

• Owned Fleet Portfolio Contracted: 99.3%

• New unsecured Notes issuance: $2,550 million; Weighted average coupon: 2.31%

• Total unsecured Notes redemption: $2,189 million; Weighted average coupon: 5.07%

• Open market bond repurchases: $3 million

• Share repurchases: $150 million

• Inaugural Sustainalytics ESG Risk Rating: 14.1

Copyright 2022 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (Syndigate.info).

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.