DAE Acquires 13 Aircraft, Sells 7 Aircraft, And Signs 48 Lease Transactions In The First Quarter Of 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