Dubai Aerospace Enterprise (DAE) has announced its business transactions update for full year 2020 for its aircraft leasing division, DAE Capital.
Business Transactions Update – Full Year 2020
• Number of new underwriting aircraft purchase commitments: 55 (owned: 38; managed: 17)
• Number of aircraft acquired: 38 (owned: 23; managed: 15)
• Number of aircraft sold: 28 (owned: 14; managed: 14)
• Lease agreements and extensions signed: 125 (owned: 109; managed: 16)
• Fleet Size (Owned, Managed, Committed and Mandated to Manage): ~425
• Customers: 108; Countries: 53
• Owned Fleet Utilization (at year-end 2020): 98.2 per cent
• Owned Fleet Average age (years): 6.2
• Owned Fleet Average lease term remaining (years): 6.6
• Bond repurchases: $192 million
• Share repurchases: $350 million - TradeArabia News Service