Dubai Aerospace Enterprise has signed agreements for new long term unsecured revolving credit facilities worth $2.8 billion, strengthening its financial position and expanding access to global funding.
The newly secured facilities replace an existing $1.4 billion arrangement and are set to mature in March 2031. With this addition, the company’s total revolving credit capacity rises to approximately $4 billion, marking a significant increase in available liquidity.
The funding structure includes commitments in both US dollars and UAE dirhams. Of the total, $2.3 billion comes from conventional financing, while $0.5 billion is structured as Shari’a compliant liquidity. The facilities were arranged with participation from 15 global financial institutions, reflecting strong international backing.
Emirates NBD and First Abu Dhabi Bank acted as Initial Mandated Lead Arrangers on the conventional portion. Abu Dhabi Islamic Bank served as Mandated Lead Arranger for the Shari’a compliant tranche.
Firoz Tarapore, Chief Executive Officer of Dubai Aerospace Enterprise, said the transaction reinforces the company’s liquidity strength and highlights its ability to access diverse funding sources. He noted that the deal reflects strong support from both local banking partners and a globally diversified group of financial institutions.
The move positions the company to maintain financial flexibility as it continues to expand its operations in the global aviation leasing market.
News Source: Emirates News Agency
