DAE secures USD 300 mn loan: UAE’s Dubai Aerospace Enterprise (DAE) has signed a USD 300 mn three-year unsecured term loan with the Bank of China, according to a statement. The debt’s yield has not been yet disclosed.

Where would the money go? The loan would be used for general corporate purposes and assist future financing requirements. It would provide “additional liquidity to support our ongoing commitment to meeting the needs of our airline customers while maintaining a modern and efficient fleet,” CEO Firoz Tarapore said.

Big expansion on the cards: The firm finalized its full acquisition of Ireland-based Nordic Aviation Capital (NAC) for an enterprise value of USD 2 bn last month. The acquisition brought DAE’s fleet size to some 750 assets — ranging from Airbus, ATRs, Embraer, and Boeing — valued at USD 22 bn. Last month, DAE committed to acquiring a further 100 aircraft from the likes of Airbus, Boeing, and ATR.

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