Dubai Aerospace Enterprise (DAE) Ltd. today announced its 1H 2019 key strategic and operational highlights for its leasing division, DAE Capital:
Strategic and operational highlights:
- Delivered and committed to deliver over US$1.1 billion in aircraft assets
- Grew managed assets portfolio to 51 aircraft valued at US$1.3 billion
- Boosted liquidity by adding a new US$440 million revolving credit facility
- Increased Unsecured-Debt-To-Total-Debt ratio to nearly 60%
- Repurchased shares held by EMAAR – now 100% owned by ICD
Operational metrics:
- Owned, managed and committed aircraft in fleet: 357
- Customers: 110; Countries: 56
- Portfolio utilization: 99.2%
- 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