DAE announces Full Year 2020 Business Transactions update Signs 125 Lease agreements & extensions

HiDubai Newswire -

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