DAE Raises $490 Million of New Liquidity

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.

DAE Leases 3 New Boeing 777 Freighters to AirBridgeCargo

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

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