DAE acquired 23 aircraft, sold 23 aircraft, added 3 new managed customers, and signed 147 lease transactions in the First 9 Months of 2021

| DAE Capital | DAE Group

Arabic version

Dubai, U.A.E., 4 October 2021 – Dubai Aerospace Enterprise (DAE) Ltd today announced its business transactions update for the first nine months of 2021 for its aircraft leasing division, DAE Capital:

 Business Transactions Update – First 9 Months 2021:

  • Number of aircraft acquired: 23 (owned: 10; managed: 13)
  • Number of aircraft sold: 23 (owned: 16; managed: 7)
  • Number of new servicing agreements: 3 covering 6 aircraft
  • Lease agreements, extensions and amendments signed: 147 (owned: 128; managed: 19)
  • Fleet Size (Owned, Managed, Committed and Mandated to Manage): ~425
  • Customers: 114; Countries: 54
  • Owned Fleet Average Age (years): 6.6
  • Owned Fleet Average Lease Term Remaining (years): 6.4
  • Owned Fleet Portfolio Contracted: 99%
  • New Senior Unsecured Debt Issued: US$2,550 million; weighted average tenor and coupon: 4.5 years and 2.31%, respectively
  • Senior Unsecured Debt Redeemed or announced for redemption: US$2,192 million; weighted average term remaining and coupon: 1.9 years and 5.00%, respectively
  • Credit Rating affirmed and outlook revised to ‘Stable’ by both Moody’s and Fitch
  • Inaugural ESG Risk Rating of 14.1 received from Sustainalytics, lowest in aircraft leasing industry
  • Successful Order Book Placement: 12 Boeing 737 MAX 8 placed with a customer in the Americas

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About DAE

Dubai Aerospace Enterprise (DAE) Ltd. is a global aviation services company 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 Deion McCarthy
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press.office@dubaiaerospace.com investorrelations@dubaiaerospace.com