Dubai Aerospace Enterprise (DAE) has released 2019 key strategic and operational highlights for its leasing division, DAE Capital.
DAE Capital delivered and has committed to deliver over US$1.75 billion in aircraft assets, the company’s managed and committed-to-manage assets’ portfolio grew to over 125 aircraft valued at US$3.5 billion.
DAE Capital issued US$1.9 billion of new unsecured debt; unsecured Debt-To-Total Debt: 61.5%. The company has repurchased US$807 million of common shares and has reduced notes receivable from shareholder by US$700 million.
DAE Capital purchased 13 aircraft in 2019, sold 41 aircraft and completed 35 lease transactions. The company’s fleet size exceeds 400 aircraft.
