DAE reports financial results for the three months ended 31 March 2019

| DAE Group

Revenue of US$360 million; Net Income of US$99 million

Arabic version

Dubai, U.A.E., 9 May 2019 – Dubai Aerospace Enterprise (DAE) Ltd. reported financial results for the three months ended 31 March 2019.

  • Total Revenue: US$360.0 million (Q1 2018: US$352.4 million)
  • Profit: US$99.0 million (Q1 2018: US$96.0 million)
  • Pre-Tax Profit Margin: 30% (Q1 2018: 31%)
  • Net Debt-to-Equity: 2.56x (Year-end 2018: 2.57x)
  • Unsecured Debt as a percentage of Total Debt: 54% (Year-end 2018: 46%)

* 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 approximately 355 Airbus, ATR and Boeing aircraft with a fleet value of US$13 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