DAE signs new US420 million 5-year unsecured term loan

DAE signs new US420 million 5-year unsecured term loan- Dubai Aerospace Enterprise (DAE) Ltd (“DAE”), the global aviation services company, today announced that it has signed a US$420 million 5-year unsecured term loan with China Construction Bank (DIFC Branch) and China Construction Bank (Asia) Corporation Limited (“CCB”). The loan will support the future financing needs of the business. Firoz Tarapore, Chief Executive Officer of DAE said: “We are delighted to announce this transaction, reflecting a further deepening of an already strong relationship with the DIFC Branch of one of the world’s leading banking…

Source: emirates247.com