DAE Acquired 41 Aircraft, sold 30 Aircraft, and Signed 200 Lease Transactions in 2021
Last Update: Wednesday, January 5, 2022 : 16:17 (+4GMT)
Dubai, U.A.E. 05, 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
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