Dubai Aerospace Enterprise (DAE) Ltd. reported its financial results for full-year 2019.

Highlights include:

  • Total Revenue: US$1,421.3 million (2018: US$1,436.6 million)
  • Profit Before Tax: US$413.6 million (2018: US$428.8 million)
  • Pre-Tax Profit Margin: 29.1% (2018: 29.8%)
  • Pre-Tax Return on Equity: 12.6% (2018: 12.8%)
  • Net Debt-to-Equity: 2.64x (Year-end 2018: 2.57x)
  • Unsecured Debt as a percentage of Total Debt: 62% (Year-end 2018: 46%)
  • Available Liquidity: US$2,404 million (Year-end 2018: US$1,558 million)

His Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman of DAE, commented: “The growth of DAE in the last few years has boosted the contribution of aviation to Dubai’s success. DAE has executed its strategy effectively and is today a successful, large-scale lessor with more than 400 aircraft in its portfolio. We are pleased with the progress DAE has made with the support it has received from ICD.”

Mr. Khalifa AlDaboos, Managing Director of DAE and Deputy Chief Executive Officer of ICD, added: “DAE has distinguished itself in the marketplace by creating a differentiated go-to-market strategy. This has translated into high and stable returns and a market-leading position. In 2019, we at ICD increased our ownership percentage of DAE to 100%. We are delighted with DAE’s performance so far and look forward to growing the franchise in the future.”

Commenting on the financial results for 2019, Firoz Tarapore, Chief Executive Officer of DAE, said: “2019 was a breakout year for us in terms of growing our aircraft asset management business. In 2019, we received the largest single mandate in the industry to source and manage aircraft assets. Our profitability, capital adequacy, and liquidity metrics remain very strong. In 2019, we further boosted our percentage of unsecured debt, dramatically enhanced our liquidity profile and reported head-of-class efficiency metrics. We now have investment-grade ratings from three U.S. credit rating agencies after receiving an initial investment grade rating from Fitch in July 2019 and a recent upgrade to investment grade by Moody’s.”

271 thoughts on “DAE announces Full Year 2019 Financial Results”

  1. Pingback: canadian viagra
  2. Pingback: cheap viagra
  3. Pingback: viagra generic
  4. Pingback: cheapest ed pills
  5. Pingback: cialis 20 mg
  6. Pingback: walmart pharmacy
  7. Pingback: levitra pills
  8. Pingback: online gambling
  9. Pingback: free slots
  10. Pingback: pala casino online
  11. Pingback: quick cash loans
  12. Pingback: online loans
  13. Pingback: cash loan
  14. Pingback: viagra for sale
  15. Pingback: red dog casino
  16. Pingback: buy cialis
  17. Pingback: iesha
  18. Pingback: Bovada
  19. Pingback: new cialis
  20. Pingback: cialis to buy
  21. Pingback: 20 cialis
  22. Pingback: buy cialis
  23. Pingback: real online casino
  24. Pingback: casino online
  25. Pingback: real online casino
  26. Pingback: doubleu casino
  27. Pingback: generic viagra
  28. Pingback: buy viagra online
  29. Pingback: slot games
  30. Pingback: free slots
  31. Pingback:
  32. Pingback: Viagra 130mg pills
  33. Pingback: Viagra 200mg usa
  34. Pingback: Cialis 60mg cheap
  35. Pingback: aldactone 25mg otc
  36. Pingback: aricept 10 mg usa
  37. Pingback: ceclor purchase
  38. Pingback: cephalexin cheap
  39. Pingback: slot machine
  40. Pingback: hollywood casino
  41. Pingback: nj car insurance
  42. Pingback: insurance for car
  43. Pingback: Usa viagra sales
  44. Pingback: best payday loans
  45. Pingback: us quick loans
  46. Pingback: online payday loan
  47. Pingback: cbd oil online
  48. Pingback: buy a essay
  49. Pingback: buy an essay paper
  50. Pingback: clomid cheap
  51. Pingback: Buy viagra us
  52. Pingback: combivent nz
  53. Pingback: coreg tablet
  54. Pingback: order diamox 250mg
  55. Pingback: differin prices
  56. Pingback: diltiazem tablet
  57. Pingback: doxycycline uk
  58. Pingback: order erythromycin
  59. Pingback: imitrex cheap
  60. Pingback: lamisil medication
  61. Pingback: levaquin australia
  62. Pingback: macrobid cheap
  63. Pingback: mobic 15mg prices
  64. Pingback: motrin 200mg pills
  65. Pingback: cheap phenergan
  66. Pingback: prevacid tablet
  67. Pingback: procardia cost
  68. Pingback: proscar cheap
  69. Pingback: protonix for sale
  70. Pingback: cost of reglan
  71. Pingback: risperdal prices
  72. Pingback: robaxin otc
  73. Pingback: rogaine otc
  74. Pingback: order skelaxin
  75. Pingback: spiriva cheap
  76. Pingback: order tricor
  77. Pingback: zanaflex cheap
  78. Pingback: click now
  79. Pingback: zovirax purchase
  80. Pingback: zyloprim canada
  81. Pingback: zyprexa 10mg usa
  82. Pingback: order zyvox 600mg
  83. Pingback: buy fexofenadine
  84. Pingback: leflunomide usa
  85. Pingback: olmesartan tablet
  86. Pingback: buspirone 5 mg usa
  87. Pingback: citalopram cost
  88. Pingback: buy ciprofloxacin
  89. Pingback: clozapine for sale
  90. Pingback: divalproex nz
  91. Pingback: trazodone nz
  92. Pingback: 141genericExare
  93. Pingback: 141generic2Exare
  94. Pingback: caxyznrc
  95. Pingback: estradiol price
  96. Pingback: sumatriptan price
  97. Pingback: terbinafine tablet
  98. Pingback: ivermectin online
  99. Pingback: clomid process
  100. Pingback: damn show propecia
  101. Pingback: paxil 15 mg

Comments are closed.