DAE announces Q2 2018 strategic and operational highlights
Dubai, U.A.E., 12 July 2018 – Dubai Aerospace Enterprise (DAE) Ltd. today announced its Q2 2018 key strategic and operational highlights for its leasing arm DAE Capital:
Strategic highlights Q2 2018
- Delivered first of five Boeing 737 MAX 8 aircraft to GOL
- Delivered first two of five new Boeing 787-9 Dreamliners to Gulf Air
- Announced the sale of 16 aircraft portfolio valued at approximately US$900 million agreed with three counterparties
- Signed a landmark unsecured revolving credit facility with conventional and Islamic tranches of up to US$800 million
- David Houlihan appointed to newly created role of President, DAE Capital
Operational highlights Q2 2018
- New aircraft purchased: 9
- Leasing transactions completed: 26
- Owned, managed and committed aircraft in fleet: 375
- Customers: 110. Countries: 56
- Portfolio utilization: 99.7%
- Average age of owned fleet: 5.74 years
- Average lease term remaining on owned fleet: 5.72 years
Recognition
- Received two Airfinance Journal awards for Bank Loan Deal of the Year and Operating Lease Deal of the Year
The half-year financial results call will be held on 10 August 2018.
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About DAE
Dubai Aerospace Enterprise (DAE) Ltd. is a globally recognized aerospace corporation and one of the largest aircraft leasing companies in the world. Headquartered in Dubai, DAE’s leasing and engineering divisions serve over 125 airline customers around the world from its seven locations in Dubai, Dublin, Amman, Singapore and the US.
DAE’s award-winning leasing division DAE Capital has an owned, managed and committed fleet of nearly 400 Airbus, ATR and Boeing aircraft with a fleet value of US$ 15 billion. More information can be found on the company’s web site at www.dubaiaerospace.com.
For further information, please contact:
Alec Elliott +353 87 187 9161 | Arne Bevaart +971 4 428 9591 | press.office@dubaiaerospace.com