Dubai Aerospace Enterprise, one of the largest aircraft leasing companies in the world, said its leasing division DAE Capital delivered and committed to deliver over $1.1 billion in aircraft assets during the first half (H1) of the year.

Strategic and operational highlights:

•    Grew managed assets portfolio to 51 aircraft valued at $1.3 billion
•    Boosted liquidity by adding a new $440 million revolving credit facility
•    Increased Unsecured Debt-To-Total Debt ratio to nearly 60 per cent
•    Repurchased shares held by EMAAR – now 100 per cent owned by ICD

Operational metrics:

•    Owned, managed and committed aircraft in fleet: 357
•    Customers: 110; Countries: 56
•    Portfolio Utilization: 99.2 per cent
•    New aircraft purchased: 8
•    Aircraft assets sold: 20
•    Lease transactions completed: 24
•    Average age of owned fleet: 5.9 years
•    Average lease term remaining on owned fleet: 6.4 years – TradeArabia News Service