DAE acquired 41 aircraft, sold 30 aircraft, and signed 200 lease transactions in 2021

| DAE CapitalDAE Group

Arabic version

Dubai, U.A.E., 5 January 2022 – Dubai Aerospace Enterprise (DAE) Ltd today announced its business transactions update for the full year 2021 for its aircraft leasing division, DAE Capital:

 

Business Transactions Update – Full Year 2021:

  • Number of aircraft acquired: 41 (owned: 18; managed: 23)
  • Number of aircraft sold: 30 (owned: 20; managed: 10)
  • Lease agreements, extensions and amendments signed: 200 (owned: 167; managed: 33)
  • Number of new servicing agreements: 4 covering 7 aircraft

 

  • Fleet Size (Owned, Managed, Committed and Mandated to Manage): ~425
  • Customers: 112; Countries: 54
  • Owned Fleet Average Age (years): 6.7
  • Owned Fleet Average Lease Term Remaining (years): 6.2
  • Owned Fleet Portfolio Contracted: 99.3%

 

  • New unsecured Notes issuance: US$2,550 million; Weighted average coupon: 2.31%
  • Total unsecured Notes redemption: US$2,189 million; Weighted average coupon: 5.07%
  • Open market bond repurchases: US$3 million
  • Share repurchases: US$150 million
  • Inaugural Sustainalytics ESG Risk Rating: 14.1

* ENDS *

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 17 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