DAE announces 2017 strategic and operational highlights
Dubai, U.A.E., 9 January 2018 – Dubai Aerospace Enterprise (DAE) Ltd. today announced its 2017 key strategic and operational highlights for its leasing arm DAE Capital:
Strategic highlights for the year 2017
- Completed the acquisition of AWAS, catapulting DAE into the top tier of global lessors
- Launched its inaugural ABS “˜Falcon 2017-1′ in February 2017 and sold the E notes to sophisticated US capital markets investors
- Issued its inaugural $2.3bn benchmark bond in the US capital markets
- Purchased a portfolio of 14 ATR72-600 aircraft from GECAS, further solidifying DAE’s position as a leading lessor in the ATR space
Operational highlights for the year 2017
- Number of aircraft purchased: 37
- Number of aircraft sold: 25
- Number of leasing transactions: 78
- Owned, managed and committed number of aircraft in fleet: 383
- Number of customers: 109 in 55 countries
- Average age of owned fleet: 5.7 years
- Average lease term remaining on owned fleet: 6.1 years
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About DAE
Dubai Aerospace Enterprise (DAE) Ltd. is a globally recognized aerospace corporation and one of the largest aircraft leasing companies in the world. Headquartered in Dubai, DAE’s leasing and engineering divisions serve over 125 airline customers around the world from its seven locations in Dubai, Dublin, Amman, Singapore and the US
DAE’s award-winning leasing division DAE Capital has an owned, managed and committed fleet of nearly 400 Airbus, ATR and Boeing aircraft with a fleet value of US$ 14 billion. More information can be found on the company’s web site at www.dubaiaerospace.com.
For further information, please contact:
Arne Bevaart +971 4 428 9591 | Alec Elliott +353 87 187 9161 | press.office@dubaiaerospace.com