DAE Announces Full Year 2022 Business and Operational Highlights Acquired 94 Aircraft, Sold 33 Aircraft, signed 143 Lease Transactions Booked 1.3 million Man-hours

Last Update: Thursday, January 5, 2023 : 14:28 (+4GMT)

DAE announces Full Year 2022 Business and Operational Highlights

Acquired 94 aircraft, sold 33 aircraft, signed 143 lease transactions

Booked 1.3 million man-hours in DAE Engineering

Dubai, U.A.E - 5 January 2023 – Dubai Aerospace Enterprise (DAE) Ltd today announced its business transactions update for the full year 2022:

DAE Capital:

• Number of aircraft acquired: 94 (owned: 46; managed: 48)

• Number of aircraft sold: 33 (owned: 10; managed: 23)

• Lease agreements, extensions and amendments signed: 143 (owned: 121; managed: 22)

• Fleet Size (Owned, Managed, Committed and Mandated-to-Manage): ~500

• Customers: 118; Countries: 59

• Owned Fleet Average Age (years): 6.5

• Owned Fleet Average Lease Term Remaining (years): 6.3

• Owned Fleet Portfolio Contracted: 98.2%

• Announced and completed the acquisition of SKY Fund I, Irish Ltd in the fourth quarter

• Signed a new aircraft management mandate to acquire and manage up to US$1.75 billion of aircraft assets

DAE Engineering:

• Number of man hours booked: >1,300,000

• Number of checks performed: 315

• Customers Served: 50+; Countries Served: 25

Group:

• Open market bond repurchases: US$146 million

• Morningstar Sustainalytics ESG Risk Rating: 14.4

• Further commitments to environmental transparency: ‘C’ Score CDP Disclosure; S&P Corporate Sustainability Assessment Disclosure; signed Aircraft Leasing Ireland Sustainability Charter

Posted by: GoDubai PR Dept
Viewed: 4409 times
PR Category: Business & Economy
Posted on: 5 Jan 2023 2:28:00 PM (GMT+4)

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