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: 4 covering 7 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
