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DAE assets portfolio valued at $3.5b

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DAE assets portfolio valued at $3.5b

Published: Mon 13 Jan 2020, 8:04 PM

Last updated: Mon 13 Jan 2020, 10:12 PM

Dubai Aerospace Enterprise (DAE) announced, on Monday, that it remains committed to manage assets portfolio to over 125 aircraft valued at $3.5 billion.
Giving key strategic and operational highlights of DAE's leasing division, DAE Capital, in 2019, a statement said the company delivered and committed to deliver over $1.75 billion in aircraft assets.
In 2019, the company issued $1.9 billion of new unsecured debt the ratio of which stand at 61.5 per cent of total debts. The year also saw the company re-purchasing U$807 million of common shares.
In a statement, DAE said it owned, managed and committed to own and manage 410 aircraft in fleet and has 112 customers across 56 countries. The average age of DAE owned fleet is six years while average lease term remaining on owned fleet is 6.3 years.
- issacjohn@khaleejtimes.com

by

Issac John
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