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DAE signs 48 lease transactions in first quarter of 2021

Dubai Aerospace Enterprise (DAE) has reported its business transactions update for the first quarter of 2021 for its aircraft leasing division, DAE Capital.

DAE acquired 13 aircraft in the first quarter of 2021 (owned: nine; managed: four), sold seven aircraft (owned: four; managed: three) and signed lease agreements and extensions for 48 aircraft (owned: 43; managed: five). The company signed one new service agreement in the first quarter.

The fleet size at the end of the first quarter comprized 425 aircraft (owned, managed, committed and mandated to manage). DAE has 108 customers in 52 countries and an average fleet age of six years.

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