Dubai Aerospace Enterprise (DAE) Ltd announced its business transactions update for first quarter 2021 for its aircraft leasing division, DAE Capital:
Business Transactions Update – First Quarter 2021:
- Number of aircraft acquired: 13 (owned: 9; managed: 4)
- Number of aircraft sold: 7 (owned: 4; managed: 3)
- Lease agreements and extensions signed: 48 (owned: 43; managed: 5)
- Number of new servicing agreements: 1
- New senior unsecured debt issuance: US$1.55 billion; weighted average maturity (years):25
- Bond repurchases: US$0
- Share repurchases: US$0
- Fleet Size (Owned, Managed, Committed and Mandated to Manage): ~425
- Customers: 108; Countries: 52
- Owned Fleet Utilization (at March 31, 2021): 6%
- Owned Fleet Average Age (years): 0
- Owned Fleet Average Lease Term Remaining (years): 8
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