Dubai – 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
-Ends-
About DAE
Dubai Aerospace Enterprise (DAE) Ltd. is a globally recognized aerospace corporation and one of the largest aircraft leasing companies in the world. Headquartered in Dubai, DAE’s leasing and engineering divisions serve over 125 airline customers around the world from its seven locations in Dubai, Dublin, Amman, Singapore and the US.
DAE’s award-winning leasing division DAE Capital has an owned, managed, and committed to own and manage fleet of approximately 410 Airbus, ATR and Boeing aircraft with a fleet value exceeding US$15.5 billion. 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
Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.
The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.
To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.
