Dubai Aerospace Enterprise, one of the largest aircraft leasing companies in the world, said its leasing division DAE Capital delivered and committed to deliver over $1.1 billion in aircraft assets during the first half (H1) of the year.
Strategic and operational highlights:
• Grew managed assets portfolio to 51 aircraft valued at $1.3 billion
• Boosted liquidity by adding a new $440 million revolving credit facility
• Increased Unsecured Debt-To-Total Debt ratio to nearly 60 per cent
• Repurchased shares held by EMAAR – now 100 per cent owned by ICD
Operational metrics:
• Owned, managed and committed aircraft in fleet: 357
• Customers: 110; Countries: 56
• Portfolio Utilization: 99.2 per cent
• 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 – TradeArabia News Service