Dubai Aerospace Enterprise (DAE), an aircraft leasing company, has successfully secured a $300 million loan from the Bank of China. This financing will be utilized for general corporate purposes and to support upcoming financial requirements, according to a statement released by the company. The loan is structured as a three-year unsecured term loan and was...
Dubai Aerospace Enterprise Ltd. has secured a $300 million three-year unsecured term loan from Bank of China (Dubai) Branch, Bank of China Limited in London, and Bank of China (Hong Kong) Limited. This funding will be utilized for general corporate purposes and to address future financing needs of the business. Firoz Tarapore, CEO of DAE,...
Dubai Aerospace Enterprise (DAE), the largest aviation leasing and engineering company in the Middle East, has announced its decision to sell 75 aircraft to two undisclosed buyers as part of a strategic fleet realignment. This move includes the sale of a portfolio consisting of 50 Embraer E-Jets to a specialist lessor and an additional 25...