| DAE Capital | DAE Group
Fleet size exceeds 400 aircraft
Dubai, U.A.E., 13 January 2020 – Dubai Aerospace Enterprise (DAE) Ltd. today announced its 2019 key strategic and operational highlights for its leasing division, DAE Capital:
Strategic and operational highlights:
- Delivered and committed to deliver over US$1.75 billion in aircraft assets
- Grew managed and committed to manage assets portfolio to over 125 aircraft valued at US$3.5 billion
- Issued US$1.9 billion of new unsecured debt; Unsecured Debt-To-Total Debt: 61.5%
- Repurchased US$807 million of common shares
- Reduced Notes Receivable from Shareholder by US$700 million
Operational Metrics:
- Owned, managed and committed to own and manage aircraft in fleet: ~410
- Customers: 112; Countries: 56
- Portfolio Utilization: 100%
- Aircraft assets purchased: 13
- Aircraft assets sold: 41
- Lease transactions completed: 35
- Average age of owned fleet: 6.0 years
- Average lease term remaining on owned fleet: 6.3 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 to own and manage fleet of approximately 410 Airbus, ATR and Boeing aircraft with a fleet value exceeding US$15.5 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 |
| +971 4 428 9591 | +971 4 428 9593 |
| press.office@dubaiaerospace.com | investorrelations@dubaiaerospace.com |