Dubai Aerospace Enterprise (DAE) Ltd announced today that its Board of Directors and Shareholders had authorized an additional US$300 million for bond repurchases to be conducted through open market transactions. To date, DAE has repurchased approximately US$1.13 billion of principal amount of it...

Dubai Aerospace Enterprise (DAE) Ltd announced today that its leasing division DAE Capital recently signed agreements to sell nine narrow and wide body aircraft with a total market value of approximately US$500 million. The aircraft sales are all expected to close in 2021. Firoz Tarapore, Chie...

By Staff Writer, ZAWYA Dubai Aerospace Enterprise (DAE), one of the world’s biggest aircraft lessors, secured more lease deals last year despite the decline in air traffic. From January to December 2020, the leasing company recorded a total of 125 lease agreements and extensions, up fr...

Joramco, the Amman based MRO and the engineering arm of Dubai Aerospace Enterprise (DAE), is heading into the new season and starting maintenance on the new line of aircraft after successfully completing its first-time base maintenance agreement with the Irish budget airline, Ryanair. The agreeme...

Dubai Aerospace Enterprise (DAE) Ltd. reported its financial results for the three months ended 31 March 2020. The consolidated financial statements can be found here.Highlights included: Total Revenue: US$344.2 million (Q1 2019: US$360.0 million)Net Income: US$76.7 million&n...

DAE announced today that it ended 1Q2020 with available liquidity of approximately US$2.8 billion. DAE’s owned, managed and mandated-to-manage fleet exceeded 400 aircraft. During 1Q2020, DAE sold or novated 15 aircraft, acquired 4 aircraft and transitioned or extended leases on 8 aircraft.Firoz T...

Dubai Aerospace Enterprise (DAE) Ltd. has announced that it has signed a US$300 million 5-year dual tranche unsecured term financing facility with Emirates Islamic and Emirates NBD Capital, the investment banking arm of Emirates NBD. The facility will contain a conventional and an Islamic tranche ...

Dubai Aerospace Enterprise (DAE) Ltd. announced today that it has signed a US$300 million 4-year unsecured term loan with China Construction Bank (DIFC Branch) and China Construction Bank (Asia) Corporation Limited. The principal amount of the loan can be increased to $500 million. The loan will ...

Dubai Aerospace Enterprise (DAE) Ltd. announced that it had repurchased outstanding common shares worth US$450 million. DAE also announced that it had received US$450 million in connection with the early partial repayment of a Note Receivable from certain shareholders. Firoz Tarapore, Chief Exec...