Dubai Aerospace Enterprise (DAE) has reported its 2018 key strategic and operational highlights for its leasing division, DAE Capital:
DAE Capital has received an investment grade corporate credit rating of BBB+ from KBRA and received an upgrade of existing corporate credit ratings from Moody’s and S&P Global. The company issued US$3.0 billion of new unsecured debt and announced a debt repurchase program of up to US$600 million. DAE Capital took delivery of its first five Boeing 737 MAX 8 aircraft in 2018. Furthermore the company signed an MOU with Emirates Aviation University to cooperate on learning and work experience programs.
DAE Capital purchased 28 new aircraft during 2018, sold 50 aircraft and completed 59 lease transactions.