DAE Announces Full Year 2022 Business and Operational Highlights Acquired 94 Aircraft, Sold 33 Aircraft, Signed 143 Lease Transactions Booked 1.3 Million Man-hours in DAE Engineering

Dubai Aerospace Enterprise (DAE) Ltd today announced its business transactions update for the full year 2022: 

DAE Capital:

• Number of aircraft acquired: 94 (owned: 46; managed: 48)

• Number of aircraft sold: 33 (owned: 10; managed: 23)
• Lease agreements, extensions and amendments signed: 143 (owned: 121; managed: 22)
• Fleet Size (Owned, Managed, Committed and Mandated-to-Manage): ~500
• Customers: 118; Countries: 59
• Owned Fleet Average Age (years): 6.5
• Owned Fleet Average Lease Term Remaining (years): 6.3
• Owned Fleet Portfolio Contracted: 98.2%
• Announced and completed the acquisition of SKY Fund I, Irish Ltd in the fourth quarter
• Signed a new aircraft management mandate to acquire and manage up to US$1.75 billion of aircraft assets

DAE Engineering:

• Number of man hours booked: >1,300,000
• Number of checks performed: 315
• Customers Served:  50+; Countries Served: 25

Group:

• Open market bond repurchases: US$146 million
• Morningstar Sustainalytics ESG Risk Rating: 14.4
• Further commitments to environmental transparency: ‘C’ Score CDP Disclosure; S&P Corporate Sustainability Assessment Disclosure; signed Aircraft Leasing Ireland Sustainability Charter