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DAE Capital acquired 20 aircraft, sold 30 aircraft, signed 150 lease transactions DAE Engineering booked over 1.4 million man-hours Dubai, U.A.E., 3 January 2024 - Dubai Aerospace Enterprise (DAE) Ltd, the global aviation services company, today announced its business transactions update for the full year 2023: DAE Capital: • Number of aircraft acquired: 20 (owned: 10; managed: 10) • Number of aircraft sold: 30 (owned: 22; managed: 8)* • Lease agreements, extensions and amendments signed: 150 (owned: 114; managed: 36) • Fleet Size (Owned, Managed, and Committed): 493 • Customers: 123; Countries: 62 • Owned Fleet Average Age (years): 7.5 • Owned Fleet Average Lease Term Remaining (years): 6.0 • Owned Fleet Portfolio Contracted: 99.7% • Acquired the rights, interests, and obligations of a portfolio of 64 Boeing 737 MAX aircraft in the third quarter DAE Engineering: • Number of man hours booked: >1,400,000 • Number of checks performed: >300 • Customers Served: >50; Countries Served: 25 • Appointed as the Middle East’s first Boeing 737-800BCF conversion line in partnership with Boeing • Announced the expansion of Joramco’s facilities in Amman, Jordan, which is expected to reach 22 maintenance lines in the second half of 2024 Group: • Announced US$1.6 billion multi-tranche bank financing, consisting of both conventional and Islamic tranches; largest bank financing in DAE’s history • Open market bond repurchases: US$400.7 million • Morningstar Sustainalytics ESG Risk Rating: 12.5; Industry Top-Rated and Regional Top-Rated for third year running; Lowest ESG Risk Rating of any rated aircraft lessor * Includes seven (7) aircraft subject to insurance settlement and receipt of certain settlement proceeds received in the fourth quarter of 2023.
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