Dubai Aerospace Enterprise (DAE) Ltd. today announced its 1H 2019 key strategic and operational highlights for its leasing division, DAE Capital:

Strategic and operational highlights:

• Delivered and committed to deliver over US$1.1 billion in aircraft assets
• Grew managed assets portfolio to 51 aircraft valued at US$1.3 billion
• Boosted liquidity by adding a new US$440 million revolving credit facility
• Increased Unsecured-Debt-To-Total-Debt ratio to nearly 60%
• Repurchased shares held by EMAAR – now 100% owned by ICD

Operational metrics:

• Owned, managed and committed aircraft in fleet: 357
• Customers: 110; Countries: 56
• Portfolio utilization: 99.2%

 

• New aircraft purchased: 8
• Aircraft assets sold: 20
• Lease transactions completed: 24

 

• Average age of owned fleet: 5.9 years
• Average lease term remaining on owned fleet: 6.4 years