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...
Dubai Aerospace Enterprise (DAE) Ltd has successfully completed its acquisition of 100% of the outstanding shares of Nordic Aviation Capital for a total investment of US$2.0 billion. This significant acquisition was previously announced, and it marks a major milestone for DAE in the aviation sector. The completion of this acquisition enhances DAE’s position in the...
Dubai Aerospace Enterprise (DAE) has announced a significant investment of approximately $1 billion to acquire 17 next-generation aircraft, aimed at enhancing its global fleet. This strategic move highlights DAE’s commitment to modernizing its portfolio and solidifying its position within the aviation leasing industry. The acquisition comprises 15 narrow-body and 2 wide-body aircraft, all featuring advanced...
Dubai Aerospace Enterprise (DAE) announced today that it has signed agreements with multiple counterparties to acquire 17 aircraft for an estimated total of around $1 billion. This new portfolio is entirely composed of next-generation aircraft, with 89 percent categorized as narrow-body aircraft. Firoz Tarapore, the CEO of DAE, expressed satisfaction with the acquisition, stating that...
Dubai Aerospace Enterprise Ltd (DAE), owned by Dubai’s sovereign wealth fund, is contemplating the sale of its aircraft maintenance division. The company is reportedly working with Morgan Stanley to explore the potential sale of its 80% stake in Jordan-based aircraft maintenance, repair, and overhaul firm Joramco. DAE acquired this 80% stake in 2016 from the...