DAE announces full year 2022 business and operational highlights
- Date: 05-Jan-2023
- Source: Zawya
- Sector:Technology
- Country:UAE
DAE announces full year 2022 business and operational highlights
- Booked 1.3 million man-hours in DAE Engineering
Dubai, U.A.E. – Dubai Aerospace Enterprise (DAE) Ltd today announced its business transactions update for the full year 2022:
DAE Capital:
- Number of aircraft sold: 33 (owned: 10; managed: 23)
- Number of aircraft acquired: 94 (owned: 46; managed: 48)
- 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
-Ends-
About DAE
Dubai Aerospace Enterprise (DAE) Ltd is a globally recognized aviation services corporation with two divisions: DAE Capital and DAE Engineering. Headquartered in Dubai, DAE serves over 170 airline customers in over