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Dubai Aerospace Enterprise Secures $300 Million Loan from Bank of China
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Dubai Aerospace Enterprise Secures $300 Million Loan from Bank of China

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 Secures $300 Million Term Loan
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Dubai Aerospace Enterprise Secures $300 Million Term Loan

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,...