Fifteen global banks support the deal, replacing the $1.4 billion facility with a new one maturing in 2031.
Dubai: Dubai Aerospace Enterprise (DAE) Ltd has secured new long-term, unsecured revolving credit facilities totaling $2.8 billion, boosting its total revolving credit capacity to around $4 billion.
The new facilities replace a previous $1.4 billion facility and carry a maturity date of March 2031, the company said in a statement on Tuesday.
The financing consists of both US dollar and UAE dirham commitments, including $2.3 billion in conventional funding and $0.5 billion in Shari’a-compliant liquidity. The funds were secured from 15 global financial institutions.
Headquartered in Dubai, DAE operates through two divisions—DAE Capital and DAE Engineering—and provides services to more than 200 airline customers across over 80 countries.
Emirates NBD and First Abu Dhabi Bank acted as Initial Mandated Lead Arranger, Bookrunner, and Coordinator for the conventional facility, while Abu Dhabi Islamic Bank served as Mandated Lead Arranger for the Shari’a-compliant facility.
Firoz Tarapore, CEO of DAE, said, “We are delighted to announce these new facilities, which further strengthen DAE’s liquidity position.”
He added, “By accessing both conventional and Shari’a-compliant funding, this transaction highlights DAE’s strong liquidity access from our local banking partners as well as a globally diversified group of leading financial institutions.”
Earlier, in June 2025, DAE secured a $300 million three-year unsecured term loan from Bank of China entities to support general corporate purposes.
