Wednesday, July 17, 2019 3:16:53 AM      

Press Releases / Press News

Dae Reports 1H 2019 Highlights

Dubai, U.A.E., 11 July 2019 – Dubai Aerospace Enterprise (DAE) Ltd. today announced its 1H 2019 key strategic and operational highlights for its leasing division, DAE Capital:

Strategic and operational highlights:

Delivered and committed to delivering over US$1.1 billion in aircraft assets
Grew managed assets portfolio to 51 aircraft valued at US$1.3 billion
Boosted liquidity by adding a new US$440 million revolving credit facility
Increased Unsecured-Debt-To-Total-Debt ratio to nearly 60%
Repurchased shares held by EMAAR – now 100% owned by ICD

Operational metrics:

Owned, managed and committed aircraft in fleet: 357
Customers: 110; Countries: 56
Portfolio utilization: 99.2%

New aircraft purchased: 8
Aircraft assets sold: 20
Lease transactions completed: 24

The average age of the owned fleet: 5.9 years
Average lease term remaining on owned fleet: 6.4 years

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 fleet of approximately 365 Airbus, ATR and Boeing aircraft with a fleet value of US$14 billion.


[Submit a Press Release] assumes no responsibility for any content from external sources.

Jobs in Dubai, Abu Dhabi & UAE

Jobs in Dubai (  15026 )

Jobs in UAE ( 20162 )

Sponsored Links