DAE reaches agreement with existing lenders

Press release

Published July 19th, 2011 - 09:26 GMT

Dubai Aerospace Enterprise

Dubai Aerospace Enterprise (DAE) announced today that it had successfully concluded discussions with its existing lenders and reached agreement on a new, 4-year credit facility to replace the existing credit facility maturing on 23 July 2011.

Dubai Aerospace Enterprise (DAE) is a globally recognized aerospace company specializing in maintenance, repair and overhaul (MRO) services, aircraft completions and aircraft leasing. The Company is headquartered in Dubai and operates in four continents and employs over 4,000 people.

More information can be found on the company’s website at www.dubaiaerospace.com.

Background Information

Dubai Aerospace Enterprise

Dubai Aerospace Enterprise is a global aerospace corporation headquartered in Dubai. As an industry leading globally relevant aerospace business, DAE is enhancing Dubai’s strong position as an aviation and finance hub.