Dubai Aerospace Enterprise (DAE) Ltd has signed a $300 million unsecured term loan with three branches of Bank of China—Dubai, London, and Hong Kong. The three-year facility will be used for general corporate purposes and to support DAE’s long-term financing and fleet development strategy.
Strengthening Liquidity for Strategic Growth
The agreement provides DAE with fresh liquidity as the company continues to focus on meeting airline customer needs and maintaining a modern, fuel-efficient fleet. Firoz Tarapore, Chief Executive Officer of DAE, commented:
“This transaction with BOC provides us with additional liquidity to support our ongoing commitment to meeting the needs of our airline customers while maintaining a modern and efficient fleet. We are pleased to deepen our relationship with Bank of China and look forward to continuing our collaboration with the entire Bank of China group in the years ahead.”
The term loan reflects growing financial collaboration between Chinese institutions and UAE enterprises, particularly in the aviation and infrastructure sectors.
Deepening China–UAE Financial Ties
Bank of China, which has a longstanding presence in the Middle East, reaffirmed its support for UAE-based businesses. Pan Xinyuan, General Manager of Bank of China (Dubai) Branch, noted:
“Bank of China values its growing relationship with DAE and is pleased to support this strategic financing. The successful execution of this transaction reflects the strength of our global network and our ability to deliver tailored solutions that meet the evolving needs of our clients across the aviation sector. In the future, Bank of China will continue to contribute to deepening China-UAE relations and support the development of UAE enterprises.”
This financing deal not only strengthens DAE’s position in the global leasing market but also underlines the continued integration of UAE aviation finance into Asia’s banking networks, aligning with broader China–UAE strategic cooperation.
