{"id":5694,"date":"2025-01-02T11:40:26","date_gmt":"2025-01-02T09:40:26","guid":{"rendered":"https:\/\/sahfy.net\/news\/?p=5694"},"modified":"2025-01-02T11:40:26","modified_gmt":"2025-01-02T09:40:26","slug":"dae-announces-full-year-2024-business-and-operational-highlights","status":"publish","type":"post","link":"https:\/\/sahfy.net\/news\/?p=5694&lang=en","title":{"rendered":"DAE Announces Full Year 2024 Business and Operational Highlights"},"content":{"rendered":"<p>Dubai Aerospace Enterprise (DAE) Ltd (\u201c<strong>DAE<\/strong>\u201d), the global aviation services company, today reported its business transactions update for the full year 2024.<\/p>\n<h1>DAE Capital:<\/h1>\n<ul>\n<li>Acquired\u00a0<strong>83<\/strong>\u00a0aircraft (owned:\u00a0<strong><em>30<\/em><\/strong>; managed:\u00a0<strong><em>53<\/em><\/strong>)<\/li>\n<li>Sold\u00a0<strong>68<\/strong>\u00a0aircraft (owned:\u00a0<strong><em>19<\/em><\/strong>; managed:\u00a0<strong><em>49<\/em><\/strong>)<\/li>\n<li>Signed\u00a0<strong>233<\/strong>\u00a0lease agreements, extensions and amendments (owned:\u00a0<strong><em>190<\/em><\/strong>; managed:\u00a0<strong><em>43<\/em><\/strong>)<\/li>\n<li>Placed on long-term lease\u00a0<strong>17 Boeing 737 MAX<\/strong>\u00a0aircraft to Turkish Airlines, Eastar Jet, and Hainan Airlines.<\/li>\n<li>Signed definitive purchase agreements to acquire\u00a0<strong>36<\/strong>\u00a0aircraft from multiple counterparties for an aggregate consideration of\u00a0<strong>US$1.6 billion<\/strong>.<\/li>\n<li>Priced a\u00a0<strong>US$497.2 million<\/strong>\u00a0two-tranche aircraft ABS for a DAE managed asset client.<\/li>\n<\/ul>\n<h1>DAE Engineering:<\/h1>\n<ul>\n<li>Booked &gt;<strong>1.5 million<\/strong>\u00a0man-hours<\/li>\n<li>Performed &gt;<strong>300<\/strong>\u00a0aircraft checks<\/li>\n<li>Increased hangar capacity by\u00a0<strong>30%<\/strong>\u00a0by expanding the number of bays to\u00a0<strong>22<\/strong>, including one A380 capable bay.<\/li>\n<li>Deepened Joramco and Spirit AeroSystems relationship by adding further new shop capabilities in 2024.<\/li>\n<\/ul>\n<h1>Group:<\/h1>\n<ul>\n<li>Signed an\u00a0<strong>AED 2.75 billion<\/strong>\u00a05-year unsecured term loan with a GCC lender.<\/li>\n<li>Upgraded by Fitch Ratings and Moody\u2019s Investors Services to\u00a0<strong>BBB<\/strong>\u00a0and\u00a0<strong>Baa2<\/strong>, respectively.<\/li>\n<\/ul>\n<p>Commenting on the results,\u00a0<strong>Firoz Tarapore, Chief Executive Officer of DAE<\/strong>, said: \u201c2024 was another year of exemplary execution of our strategy to continually enhance our global franchise. The metrics we announced today reaffirm DAE\u2019s status as a leading aviation services corporation, supported by two market-leading divisions: DAE Capital, a global top ten aircraft lessor, and DAE Engineering, the region\u2019s independent airframe MRO of choice.<\/p>\n<p>This was recognized during the year by both Fitch Ratings and Moody\u2019s Investors Service, who both upgraded our unsecured credit ratings because of exemplary financial prudence including rock-solid commitments to capital adequacy and maintenance of exceptional liquidity.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Dubai Aerospace Enterprise (DAE) Ltd (\u201cDAE\u201d), the global aviation services company, today reported its business transactions update for the full year 2024. DAE Capital: Acquired\u00a083\u00a0aircraft (owned:\u00a030; managed:\u00a053) Sold\u00a068\u00a0aircraft (owned:\u00a019; managed:\u00a049) Signed\u00a0233\u00a0lease agreements, extensions and amendments (owned:\u00a0190; managed:\u00a043) Placed on long-term lease\u00a017 Boeing 737 MAX\u00a0aircraft to Turkish Airlines, Eastar Jet, and Hainan Airlines. Signed definitive purchase [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":5695,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[91,39,130,43,87,15,119,3716],"tags":[8918,8920,1606,8916,698,1000,8922,8653,2336],"class_list":["post-5694","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-arab-countries-en","category-business-economy-en","category-featured-en","category-finance-investment-en","category-gcc-en","category-press-releases","category-success-stories","category-uae","tag-aircraft-acquisition","tag-aircraft-sales-and-leasing","tag-business-results","tag-dubai-aerospace-enterprise","tag-dubai","tag-investment","tag-moodys-and-fitch-ratings","tag-strategic-partnerships","tag-united-arab-emirates"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.6.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>DAE Announces Full Year 2024 Business and Operational Highlights - sahfy<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/sahfy.net\/news\/?p=5694&lang=en\" \/>\n<meta property=\"og:locale\" content=\"ar_AR\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"DAE Announces Full Year 2024 Business and Operational Highlights - sahfy\" \/>\n<meta property=\"og:description\" content=\"Dubai Aerospace Enterprise (DAE) Ltd (\u201cDAE\u201d), the global aviation services company, today reported its business transactions update for the full year 2024. DAE Capital: Acquired\u00a083\u00a0aircraft (owned:\u00a030; managed:\u00a053) Sold\u00a068\u00a0aircraft (owned:\u00a019; managed:\u00a049) Signed\u00a0233\u00a0lease agreements, extensions and amendments (owned:\u00a0190; managed:\u00a043) Placed on long-term lease\u00a017 Boeing 737 MAX\u00a0aircraft to Turkish Airlines, Eastar Jet, and Hainan Airlines. Signed definitive purchase [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/sahfy.net\/news\/?p=5694&amp;lang=en\" \/>\n<meta property=\"og:site_name\" content=\"sahfy\" \/>\n<meta property=\"article:published_time\" content=\"2025-01-02T09:40:26+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/sahfy.net\/news\/wp-content\/uploads\/2025\/01\/fb0fb6fb-b046-4463-853a-933132d0b0ad-1.png\" \/>\n\t<meta property=\"og:image:width\" content=\"665\" \/>\n\t<meta property=\"og:image:height\" content=\"350\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Sahfy Sahfy\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"\u0643\u064f\u062a\u0628 \u0628\u0648\u0627\u0633\u0637\u0629\" \/>\n\t<meta name=\"twitter:data1\" content=\"Sahfy Sahfy\" \/>\n\t<meta name=\"twitter:label2\" content=\"\u0648\u0642\u062a \u0627\u0644\u0642\u0631\u0627\u0621\u0629 \u0627\u0644\u0645\u064f\u0642\u062f\u0651\u0631\" \/>\n\t<meta name=\"twitter:data2\" content=\"\u062f\u0642\u064a\u0642\u062a\u0627\u0646\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/sahfy.net\/news\/?p=5694&lang=en#article\",\"isPartOf\":{\"@id\":\"https:\/\/sahfy.net\/news\/?p=5694&lang=en\"},\"author\":{\"name\":\"Sahfy Sahfy\",\"@id\":\"https:\/\/sahfy.net\/news\/#\/schema\/person\/e010cfaee71765ed4f2af1e54f173967\"},\"headline\":\"DAE Announces Full Year 2024 Business and Operational Highlights\",\"datePublished\":\"2025-01-02T09:40:26+00:00\",\"dateModified\":\"2025-01-02T09:40:26+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/sahfy.net\/news\/?p=5694&lang=en\"},\"wordCount\":262,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/sahfy.net\/news\/#organization\"},\"keywords\":[\"Aircraft Acquisition\",\"Aircraft Sales and Leasing\",\"Business results\",\"Dubai Aerospace Enterprise\",\"Dubai\u2019\",\"investment\",\"Moody\u2019s and Fitch Ratings\",\"Strategic Partnerships\",\"United Arab Emirates\"],\"articleSection\":[\"Arab countries\",\"Business &amp; 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