Tuesday, January 19, 2021

Ring and Etisalat collaborate to provide smart solutions for safer neighbourhoods

Dubai, UAE - Ring, whose mission is to make neighbourhoods safer, has teamed up with Etisalat, one of the world's leading telecom groups in emerging...

DAE announces Full Year 2020 Business Transactions update

Dubai, U.A.E., 10 January 2021 – Dubai Aerospace Enterprise (DAE) Ltd. today 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%
  • Owned Fleet Average age (years): 6.2
  • Owned Fleet Average lease term remaining (years): 6.6
  • Bond repurchases: US$192 million
  • Share repurchases: US$350 million

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