DAE reports 1H 2019 highlights

Delivers and commits to US$1.1 billion in aircraft assets

Arabic version

Dubai, U.A.E., 11 July 2019 – Dubai Aerospace Enterprise (DAE) Ltd. today announced its 1H 2019 key strategic and operational highlights for its leasing division, DAE Capital:

Strategic and operational highlights:

• Delivered and committed to deliver over US$1.1 billion in aircraft assets
• Grew managed assets portfolio to 51 aircraft valued at US$1.3 billion
• Boosted liquidity by adding a new US$440 million revolving credit facility
• Increased Unsecured Debt-To-Total Debt ratio to nearly 60%
• Repurchased shares held by EMAAR – now 100% owned by ICD

Operational metrics:

• Owned, managed and committed aircraft in fleet: 357
• Customers: 110; Countries: 56
• Portfolio Utilization: 99.2%

• New aircraft purchased: 8
• Aircraft assets sold: 20
• Lease transactions completed: 24

• Average age of owned fleet: 5.9 years
• Average lease term remaining on owned fleet: 6.4 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 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.

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