DAE acquires 28 and sells 50 aircraft assets in 2018

| DAE Capital | DAE Group

Dubai, U.A.E., 14 January 2019 – Dubai Aerospace Enterprise (DAE) Ltd. today announced its 2018 key strategic and operational highlights for its leasing division, DAE Capital:

Strategic highlights:

  • Received an investment grade corporate credit rating of BBB+ from KBRA and received an upgrade of existing corporate credit ratings from Moody’s and S&P Global
  • Issued US$3.0 billion of new unsecured debt
  • Announced a debt repurchase program of up to US$600 million
  • Took delivery of its first five Boeing 737 MAX 8 aircraft
  • Signed an MOU with Emirates Aviation University to cooperate on learning and work experience programs

Operational highlights:

  • Owned, managed and committed aircraft in fleet: 354
  • Customers: 109; Countries: 57
  • Portfolio Utilization: 100%
  • New aircraft purchased: 28
  • Aircraft assets sold: 50
  • Lease transactions completed: 59
  • Average age of owned fleet: 5.9 years
  • Average lease term remaining on owned fleet: 6.4 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 approximately 355 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: 

Media Fixed Income Investors
Arne Bevaart Sinan Kahya
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press.office@dubaiaerospace.com investorrelations@dubaiaerospace.com