DAE opens $2.1 billion syndicated loan
Arabian Post Staff -Dubai Dubai Aerospace Enterprise has launched a $2.1 billion syndicated loan, adding another large bank financing to its funding programme as the aircraft lessor manages a substantially enlarged global fleet following major acquisitions this year. DAE is rated Baa2 by Moody’s and BBB by Fitch. The launch places the Dubai-based aviation services group back in the syndicated…
Dubai Aerospace Enterprise (DAE) has launched a $2.1 billion syndicated loan, bolstering its extensive funding programme as the aircraft lessor expands its global fleet. This addition to DAE's financing strategy follows its substantial acquisition of Macquarie AirFinance on July 29. DAE, rated Baa2 by Moody’s and BBB by Fitch, now serves over 175 airline customers in 75 countries, managing a fleet of approximately 1,000 aircraft.
The syndicated loan, arranged with a group of banks, enables DAE to raise significant funds while diversifying its funding relationships.
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