| DAE Capital | DAE Group
Dubai, U.A.E., 12 April 2021 – Dubai Aerospace Enterprise (DAE) Ltd today announced its business transactions update for first quarter 2021 for its aircraft leasing division, DAE Capital:
Business Transactions Update – First Quarter 2021:
- Number of aircraft acquired: 13 (owned: 9; managed: 4)
- Number of aircraft sold: 7 (owned: 4; managed: 3)
- Lease agreements and extensions signed: 48 (owned: 43; managed: 5)
- Number of new servicing agreements: 1
- New senior unsecured debt issuance: US$1.55 billion; weighted average maturity (years):5.25
- Bond repurchases: US$0
- Share repurchases: US$0
- Fleet Size (Owned, Managed, Committed and Mandated to Manage): ~425
- Customers: 108; Countries: 52
- Owned Fleet Utilization (at March 31, 2021): 98.6%
- Owned Fleet Average Age (years): 6.0
- Owned Fleet Average Lease Term Remaining (years): 6.8
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About DAE
Dubai Aerospace Enterprise (DAE) Ltd. is a globally recognized aerospace corporation with two divisions: Aircraft Leasing and Engineering. Headquartered in Dubai, DAE serves over 170 airline customers in over 65 countries from its seven office locations in Dubai, Dublin, Amman, Singapore, Miami, New York and Seattle.
DAE’s award-winning Aircraft Leasing division has an owned, managed, committed and mandated to manage fleet of approximately 425 Airbus, ATR and Boeing aircraft with a fleet value exceeding US$16 billion. DAE’s Engineering division serves customers in Europe, Middle East, Africa and South Asia from its state-of-the-art facility accommodating up to 15 wide and narrow body aircraft. It is authorized to work on 13 aircraft types and has regulatory approval from over 25 regulators globally. 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 |
| +971 4 428 9591 | +971 4 428 9593 |
| press.office@dubaiaerospace.com | investorrelations@dubaiaerospace.com |