Dubai Aerospace Enterprise (DAE) has provided a business transactions update for the full year 2021 for its aircraft leasing division, DAE Capital
For the full year, CAE acquired 41 aircraft – 18 owned and 23 managed, selling 30 aircraft in total, 20 from its owned portfolio and 10 from its managed fleet.
DAE Capital signed 200 lease agreements, extensions and amendments – 167 for its owned fleet and 33 for its managed portfolio. The lessor added four new servicing agreements covering seven aircraft.
DAE Capital’s fleet Size (owned, managed, committed and mandated to manage) now totals 425 aircraft, placed with 112 customers: 112, located in 54 countries. The lessor’s owned average fleet age is 6.7 years, with a remaining lease term of 6.2 years. Some 99.3% of its owned fleet in contracted.
During 2021, DAE Capital issued $2.55bn in new unsecured notes with a weighted average coupon of 2.31%. The lessor’s total unsecured notes redemption reached $2.189bn with a weighted average coupon: of 5.07%. DAE Capital executed $3 million in open market bond repurchases and $150 million in share repurchases.
DAE Capital’s inaugural Sustainalytics ESG Risk Rating is 14.1.