DAE Acquired 41 Aircraft, sold 30 Aircraft, and Signed 200 Lease Transactions in 2021

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