UAE – Mubasher: Dubai Aerospace Enterprise (DAE) on Monday announced the key strategic and operational highlights for its leasing division, DAE Capital, during 2019.
DAE has delivered and is committed to delivering more than $1.75 billion in aircraft assets, the company said in a press release.
The company further grew managed and is committed to managing assets portfolio to over 125 aircrafts at a value of $3.5 billion.
Moreover, the firm issued new unsecured debt worth $1.9 billion, bringing the unsecured debt-to-total debt ratio to 61.5%.
Furthermore, the aerospace firm has repurchased common shares at a value of $807 million and reduced notes receivable from shareholders by $700 million.
