KBRA upgrades DAE’s senior unsecured bond rating to BBB+

Arabic version

Dubai, U.A.E., 17 October 2019 – Dubai Aerospace Enterprise (DAE) Ltd. announced today that Kroll Bond Rating Agency (KBRA) had upgraded DAE’s senior unsecured bond rating to BBB+ from BBB. The Outlook on the rating is stable.

KBRA’s full press release can be found here.

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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.

About Joramco

With more than 50 years of experience, Joramco has built a sound track record as a leading commercial aircraft maintenance, repair and overhaul (MRO) facility serving a wide range of customers in the; Middle East, Europe, South Asia, Africa, Russia and the CIS countries, offering services on several aircraft models from the Airbus, Boeing, and Embraer fleets. Strategically located at a free zone area in Queen Alia International Airport in Amman-Jordan, Joramco’s facility includes 5 hangars that can accommodate up to 15 aircraft.

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