DAE upsizes unsecured revolving credit facility to US$600 million

| DAE Group

Dubai, U.A.E., 28 March 2019 – Dubai Aerospace Enterprise (DAE) Ltd. announced that it has increased an existing revolving credit facility to US$600 million from the original amount of US$535 million announced in December 2018. ENBD is the sole Mandated Lead Arranger and Bookrunner.

* ENDS *

About DAE

Dubai Aerospace Enterprise (DAE) Ltd. is a globally recognized aerospace corporation and one of the largest aircraft leasing companies in the world. Headquartered in Dubai, DAE’s leasing and engineering divisions serve over 125 airline customers around the world from its seven locations in Dubai, Dublin, Amman, Singapore and the US.

DAE’s award-winning leasing division DAE Capital has an owned, managed and committed fleet of approximately 355 Airbus, ATR and Boeing aircraft with a fleet value of US$14 billion. More information can be found on the company’s web site at www.dubaiaerospace.com.

For further information, please contact: 

Media Fixed Income Investors
Arne Bevaart Sinan Kahya
+971 4 428 9591 +971 4 428 9593
press.office@dubaiaerospace.com investorrelations@dubaiaerospace.com