DAE Secures AED 2.75B Loan from Emirates NBD
Dubai Aerospace Enterprise (DAE), a prominent global aviation services company, has finalized a AED 2.75 billion (US$750 million) 5-year unsecured term loan agreement with Emirates NBD Bank (ENBD). The funds from this loan will be utilized for general corporate purposes and to meet the future financing requirements of the business.
Firoz Tarapore, CEO of DAE, remarked, “We are pleased to deepen our partnership with ENBD, a leading financial institution in the UAE, through this Emirati Dirham denominated term loan. This loan further enhances our robust liquidity position.”
Headquartered in Dubai, DAE operates as a renowned aviation services corporation with two primary divisions: DAE Capital and DAE Engineering. With a global footprint spanning seven office locations in Dubai, Dublin, Amman, Singapore, Miami, New York, and Seattle, DAE caters to over 170 airline customers across more than 65 countries.
Lesley Jones (pictured) is Chief Legal Officer at Dubai Aerospace Enterprise.
