Dubai Aerospace Enterprise (DAE) Ltd. today announced its business transactions update for full year 2020 for its aircraft leasing division, DAE Capital:
Business Transactions Update – Full Year 2020:
- Number of new underwriting aircraft purchase commitments: 55 (owned: 38; managed: 17)
- Number of aircraft acquired: 38 (owned: 23; managed: 15)
- Number of aircraft sold: 28 (owned: 14; managed: 14)
- Lease agreements and extensions signed: 125 (owned: 109; managed: 16)
- Fleet Size (Owned, Managed, Committed and Mandated to Manage): ~425
- Customers: 108; Countries: 53
- Owned Fleet Utilization (at year-end 2020): 98.2%
- Owned Fleet Average age (years): 6.2
- Owned Fleet Average lease term remaining (years): 6.6
- Bond repurchases: US$192 million
- Share repurchases: US$350 million
News Source: https://mediaoffice.ae/en/news/2021/January/10-01/DAE-announces-Full-Year-2020
