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Dubai
Monday, December 4, 2023

DAE announces Full Year 2022 Business and Operational Highlights

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

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