Dubai Aerospace Enterprise reports 2017 key strategic and operational highlights

Dubai Aerospace Enterprise (DAE) has released that it completed the acquisition of AWAS, catapulting DAE into the top tier of global lessors. The company has lunched its inaugural ABS ‘Falcon 2017-1’ in February 2017 and sold the E notes to sophisticated US capital markets investors. DAE has issued its inaugural US$2.3bn benchmark bond in the US capital markets. The company has purchased a portfolio of 14 ATR72-600 aircraft from GECAS, further solidifying DAE’s position as one of the leading lessors in the ATR space. DAE said that the number of aircraft purchased came to 25, the number of leasing transactions to 78. The number of owned, managed and committed number of aircraft in its fleet came to 383 while the number of customers rose to 109, in 55 countries. The average age of its owned fleet came to 5.7 years and the average lease term remaining on its own fleet was 6.1 year.