Dubai Aerospace $300M Loan Deal
- Dubai Aerospace Enterprise (DAE) has finalized a $300 million,three-year unsecured term loan with the Bank of China (BOC).
- the funds are earmarked for general corporate purposes,providing Dubai Aerospace Enterprise with additional liquidity to meet its financial obligations and support its airline customers.
- The $300 million loan from the Bank of China will assist Dubai Aerospace Enterprise in achieving its future financing requirements.
Dubai Aerospace Enterprise (DAE) decisively secured a notable $300 million loan from the Bank of China,a move designed to fortify it’s financial position and meet the dynamic needs of its airline customers. This strategic financing, a three-year unsecured term loan, empowers DAE to maintain its modern and efficient fleet. The investment underscores DAE’s commitment to forward-thinking financial planning and its proactive approach to securing its future. The Bank of China‘s support reflects its confidence in the aviation sector’s growth in the UAE and strengthens China-UAE ties. Read the full story today on News Directory 3. discover what’s next for DAE’s expansion plans.
Dubai Aerospace Enterprise Secures $300 Million Loan for Future Financing
Updated June 8,2025
Dubai Aerospace Enterprise (DAE) has finalized a $300 million,three-year unsecured term loan with the Bank of China (BOC). The agreement involves the Bank of China (Dubai) Branch, Bank of China Limited, London Branch, and Bank of China (Hong Kong) limited.
the funds are earmarked for general corporate purposes,providing Dubai Aerospace Enterprise with additional liquidity to meet its financial obligations and support its airline customers. This strategic financing move underscores DAE’s commitment to maintaining a modern and efficient fleet.
The $300 million loan from the Bank of China will assist Dubai Aerospace Enterprise in achieving its future financing requirements.
“This transaction with BOC provides us with additional liquidity to support our ongoing commitment to meeting the needs of our airline customers while maintaining a modern and efficient fleet,” said Firoz Tarapore, chief executive officer of dubai Aerospace Enterprise.
Pan Xinyuan, general manager of Bank of China (Dubai) Branch, noted the growing relationship between the bank and DAE. He added that the bank is pleased to support this strategic financing, reflecting the strength of their global network and ability to deliver tailored solutions within the aviation sector. Xinyuan affirmed Bank of China’s commitment to strengthening China-UAE relations and supporting the growth of UAE enterprises.
What’s next
Dubai Aerospace Enterprise plans to use the loan to continue meeting the needs of its airline customers and maintain its modern fleet. The company also looks forward to continued collaboration with the Bank of China group.