DAE Reports H1 2019 Highlights Delivers and Commits to $1.1 Billion in Aircraft Assets

Press release
Published July 11th, 2019 - 10:52 GMT
Dubai Aerospace Enterprise
Highlights
DAE announced its 1H 2019 key strategic and operational highlights

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

Background Information

Dubai Aerospace Enterprise

Dubai Aerospace Enterprise is a global aerospace corporation headquartered in Dubai. As an industry leading globally relevant aerospace business, DAE is enhancing Dubai’s strong position as an aviation and finance hub.

Contact Information

Dubai Aerospace Enterprise
DIFC Building 4,
3rd Floor,
Sheikh Zayed Road,
P.O. Box 506592
Dubai, United Arab Emirates
Company email

PR Agency

APCO Worldwide

APCO Worldwide
Dubai Properties Group,
3rd Floor Zone A,
Dubai Knowledge Village,
P.O. Box 500746
Dubai,
United Arab Emirates

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Contact Name
Suzanne Samaan

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