DAE announces 2017 strategic and operational highlights

Eleanor Steed
By Eleanor Steed January 12, 2018 10:34

DAE announces 2017 strategic and operational highlights

Dubai Aerospace Enterprise (DAE) has announced its 2017 key strategic and operational highlights for its leasing arm DAE Capital. The achievements are dominated by the completion of the acquisition of AWAS, which catapulted DAE into the top tier of global lessors. DAE Capital Launched its inaugural ABS ‘Falcon 2017-1’ in February 2017 and sold the E notes to US capital markets investors and issued its inaugural $2.3bn benchmark bond in the US capital markets. The lessor also purchased a portfolio of 14 ATR72-600 aircraft from GECAS, further solidifying DAE’s position in the ATR space

During the year, DAE Capital purchased 37 aircraft, sold 25 aircraft and executed 78 leasing transactions. Its owned, managed and committed fleet totals 383 aircraft, with an average age of 5.7 years and an average remaining lease term of 6.1 years on its owned fleet. DAE Capital’s customer base has risen to 109 in 55 countries.

Eleanor Steed
By Eleanor Steed January 12, 2018 10:34