DAE announces Q3 2018 strategic and operational highlights

| DAE CapitalDAE Group

large narrow body order

Dubai, U.A.E., 11 October 2018 – Dubai Aerospace Enterprise (DAE) Ltd. today announced its Q3 2018 key strategic and operational highlights for its leasing division, DAE Capital:

Strategic highlights:

  • S&P Global Ratings upgraded DAE’s corporate credit rating to BB+
  • Moody’s Investors Service revised DAE’s rating outlook to positive
  • DAE Board of Directors approved a US$300 million bond repurchase program
  • DAE closed its US$800 million revolving loan facility, which was launched in May of this year
  • DAE took delivery of its first two Boeing 737 MAX 8 aircraft
  • DAE signed an MOU with Emirates Aviation University to cooperate on learning and work experience programs

Operational highlights:

  • Owned, managed and committed aircraft in fleet: 365
  • Customers: 109. Countries: 56
  • Portfolio Utilization: 99.9%
  • New aircraft purchased: 3
  • Aircraft sold: 13
  • Lease transactions completed: 8
  • Average age of owned fleet: 6.3 years
  • Average lease term remaining on owned fleet: 6.2 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 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 | press.office@dubaiaerospace.com