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Dubai Aerospace Enterprise secures $800M financing

DAE serves over 170 airline customers in over 65 countries
by WAYA Staff - Dec 27, 2022
Dubai Aerospace Enterprise secures $800M financing
Source: Zawya

UAE-based airplane lessor Dubai Aerospace Enterprise (DAE) has signed new senior unsecured term financing deals for a total of $800 million, with a weighted average maturity of 5.5 years. 

“The signing of these financing facilities underscores DAE’s commitment to maintaining exceptional liquidity and a strong balance sheet,” said Firoz Tarapore, Chief Executive Officer of DAE. 

“We have no near-term debt maturities, providing us with significant flexibility in the current interest rate environment,” he added.

Dubai Aerospace Enterprise (DAE) Ltd is a globally recognized aviation services corporation with two divisions: DAE Capital and DAE Engineering. Headquartered in Dubai, DAE serves over 170 airline customers in over 65 countries from its seven office locations in Dubai, Dublin, Amman, Singapore, Miami, New York, and Seattle.

Ream more: Saudi Arabia and Japan sign agreements to boost energy cooperation

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