DAE acquired 41 aircraft, sold 30 aircraft, and signed 200 lease transactions in 2021

posted on 6th January 2022 by Eddie Saunders
DAE acquired 41 aircraft, sold 30 aircraft, and signed 200 lease transactions in 2021

Dubai Aerospace Enterprise (DAE) Ltd today announced its business transactions update for the full year 2021 for its aircraft leasing division, DAE Capital:

Business Transactions Update – Full Year 2021:

  • Number of aircraft acquired: 41 (owned: 18; managed: 23)
  • Number of aircraft sold: 30 (owned: 20; managed: 10)
  • Lease agreements, extensions and amendments signed: 200 (owned: 167; managed: 33)
  • Number of new servicing agreements: covering aircraft

 

  • Fleet Size (Owned, Managed, Committed and Mandated to Manage): ~425
  • Customers: 112; Countries: 54
  • Owned Fleet Average Age (years): 6.7
  • Owned Fleet Average Lease Term Remaining (years): 6.2
  • Owned Fleet Portfolio Contracted: 99.3%

 

  • New unsecured Notes issuance: US$2,550 million; Weighted average coupon: 2.31%
  • Total unsecured Notes redemption: US$2,189 million; Weighted average coupon: 5.07%
  • Open market bond repurchases: US$3 million
  • Share repurchases: US$150 million
  • Inaugural Sustainalytics ESG Risk Rating: 14.1