DAE announces Full Year 2022 Business and Operational Highlights Acquired 94 aircraft, sold 33 aircraft, signed 143 lease transactions Booked 1.3 million man-hours in DAE Engineering

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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 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

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 65 countries from its seven office locations in Dubai, Dublin, Amman, Singapore, Miami, New York, and Seattle.

DAE Capital is an award-winning aircraft lessor and financier with an owned, managed, committed, and mandated-to-manage fleet of approximately 500 Airbus, ATR and Boeing aircraft with a fleet value of US$17 billion. DAE Engineering provides regional MRO services to customers in Europe, Middle East, Africa, and South Asia from its state-of-the-art facility in Amman, Jordan, accommodating up to 17 wide and narrow body aircraft. It is authorized to work on 15 aircraft types and has regulatory approval from over 25 regulators globally.