DAE Signs US$300 Million 3-year Unsecured Term Loan

Dubai, U.A.E. 02 June 2025 – Dubai Aerospace Enterprise (DAE) Ltd (“DAE”), the global aviation services company, today announced that it has signed a US$300 million 3-year unsecured term loan with Bank of China (Dubai) Branch, Bank of China Limited, London Branch and Bank of China (Hong Kong) Limited (“BOC”). The loan will be used for general corporate purposes and will support the future financing needs of the business.

Firoz Tarapore, Chief Executive Officer of DAE, commented, “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. We are pleased to deepen our relationship with Bank of China and look forward to continuing our collaboration with the entire Bank of China group in the years ahead.”

Pan Xinyuan, General Manager of Bank of China (Dubai) Branch, said: “Bank of China values its growing relationship with DAE and is pleased to support this strategic financing. The successful execution of this transaction reflects the strength of our global network and our ability to deliver tailored solutions that meet the evolving needs of our clients across the aviation sector. In the future, Bank of China will continue to contribute to deepening China-UAE relations and support the development of UAE enterprises.”