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UAE's DAE to pay back USD705m finances
(MENAFN) Dubai Aerospace Enterprise (DAE) Ltd. is ready to pay back a USD705 million loan facility from the profit coming from the selling of StandardAero, a corporate statement said, Gulf News reported.
The loan facility, for the company considered as one of the most strongly capitalized aircraft leasing firms, was granted by Barwa Bank, Deutsche Bank, Emirates NBD Bank, and Noor Bank.
"This reinforces our credibility with banks and further strengthens our ability to quickly finance large transactions with the assistance of our partner banks," DAE's Managing Director said.
The loan facility, for the company considered as one of the most strongly capitalized aircraft leasing firms, was granted by Barwa Bank, Deutsche Bank, Emirates NBD Bank, and Noor Bank.
"This reinforces our credibility with banks and further strengthens our ability to quickly finance large transactions with the assistance of our partner banks," DAE's Managing Director said.
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