Transport and Logistics ME
DAE Raises $490 Million of New Liquidity
Air Transport

DAE Raises $490 Million of New Liquidity

Strong balance sheet continues to attract lenders

TLME News Service

Dubai Aerospace Enterprise (DAE) Ltd. has announced that it had signed agreements to raise an additional $490 million from 3 loan agreements.

These agreements will have maturities of between 3 and 7 years.

Firoz Tarapore, Chief Executive Officer of DAE commented: “We continue to bolster our liquidity cushion to support our growth ambitions and opportunities.

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“Our very strong balance sheet and solid operating model continue to attract lenders, new and existing, to DAE.”

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