DAE reports $1.1 billion value of aircraft assets in first half 2019

The company grew managed assets portfolio to 51 aircraft valued at US$1.3 billion; boosted liquidity by adding a new US$440 million revolving credit facility; increased Unsecured-Debt-To-Total-Debt ratio to nearly 60% and repurchased shares held by EMAAR meaning it is now 100% owned by the Investment Corporation Dubai (ICD), the emirate’s sovereign wealth fund.
The half-year statement showed there are now 357 owned, managed and committed aircraft in the fleet with 110 customers in 56 countries. These include eight new aircraft purchased in the six months with 20 sold and 24 lease transactions completed. DAE said it has a 99.2% portfolio utilisation.
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