DAE reports 2017 strategic and operational highlights for DAE Capital

Dubai Aerospace Enterprise (DAE) announced (09-Jan-2018) 2017 key strategic and operational highlights for its leasing arm DAE Capital:

• Strategic highlights:
  • Completed the acquisition of AWAS;
  • Launched its inaugural ABS 'Falcon 2017-1' in Feb-2017 and sold the E notes to US capital markets investors;
  • Issued its inaugural USD2.3 billion benchmark bond in the US capital markets;
  • Purchased a portfolio of 14 ATR 72-600 aircraft from GECAS;
• Operational highlights:
  • Number of aircraft purchased: 37;
  • Number of aircraft sold: 25;
  • Number of leasing transactions: 78;
  • Owned, managed and committed number of aircraft in fleet: 383;
  • Number of customers: 109 in 55 countries;
  • Average age of owned fleet: 5.7 years;
  • Average lease term remaining on owned fleet: 6.1 years. [more - original PR]