Dubai Aerospace Enterprise (DAE) today announced its business deal update for 2024, saying it has purchased 83 aircraft this year, including 30 owned aircraft and 53 managed aircraft.
Publish dateFriday 3 January 2025 - 00:08
According to Amac News: Based on the DAE announcement, this company has also sold 68 aircraft, of which 19 were ownership aircraft and 49 were management aircraft.
According to DAE statistics, this company has signed 233 lease, extension and amendment contracts for 190 owned aircraft and 43 management aircraft last year.
The company also has 17 Boeing 737 MAX aircraft on long-term lease with Turkish Airlines, Eastar Jet and Hainan Airlines.
In addition, DAE has signed definitive purchase agreements for the purchase of 36 aircraft from multiple parties for a total value of $1.6 billion.
The company has issued a $497.2 million aircraft asset-backed note to benefit one of its asset management clients.
On the engineering side, DAE logged more than 1.5 million man-hours, performed more than 300 aircraft checks, and increased its hangar capacity by 30 percent, which includes 22 bays, one of which is capable of accepting an A380.
The company has also strengthened its relationships with Joramco and Spirit AeroSystems, launching new services in 2024.
On the financial front, DAE has signed an unsecured loan worth AED 2.75 billion with a GCC lender. In addition, credit rating agencies Fitch Ratings and Moody's Investors Service have both upgraded the company's credit rating to BBB and Baa2.
According to DAE statistics, this company has signed 233 lease, extension and amendment contracts for 190 owned aircraft and 43 management aircraft last year.
The company also has 17 Boeing 737 MAX aircraft on long-term lease with Turkish Airlines, Eastar Jet and Hainan Airlines.
In addition, DAE has signed definitive purchase agreements for the purchase of 36 aircraft from multiple parties for a total value of $1.6 billion.
The company has issued a $497.2 million aircraft asset-backed note to benefit one of its asset management clients.
On the engineering side, DAE logged more than 1.5 million man-hours, performed more than 300 aircraft checks, and increased its hangar capacity by 30 percent, which includes 22 bays, one of which is capable of accepting an A380.
The company has also strengthened its relationships with Joramco and Spirit AeroSystems, launching new services in 2024.
On the financial front, DAE has signed an unsecured loan worth AED 2.75 billion with a GCC lender. In addition, credit rating agencies Fitch Ratings and Moody's Investors Service have both upgraded the company's credit rating to BBB and Baa2.
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Source : news agency wam
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