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DAE Reports 1H 2019 Highlights Delivers and Commits to US$1.1bn in aircraft assets


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

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