DAE delivers and commits to $1.1 billion in aircraft assets

Darren Wood
By Darren Wood July 11, 2019 09:47

DAE delivers and commits to $1.1 billion in aircraft assets

Dubai Aerospace Enterprise (DAE) has committed to deliver over $1.1 billion in aircraft assets during its H1 2019 key strategic and operational highlights.

The firm grew its managed assets portfolio to 51 aircraft valued at $1.3 billion, it boosted its liquidity by adding a new $440 million revolving credit facility.

DAE announced that it owns, manages and committed 357 aircraft in its fleet. With 11 customers originating from 56 countries.

During the first half of 2019, the firm purchased eight new aircraft, had 20 aircraft assets sold, completed 24 lease transactions; with an average age of owned fleet standing at 5.9 years.

Darren Wood
By Darren Wood July 11, 2019 09:47