Dubai Aerospace Enterprise gets $300 million loan from Bank of China to grow its aircraft fleet

Dubai Aerospace Enterprise gets $300 million loan from Bank of China to grow its aircraft fleet

Dubai Aerospace Enterprise (DAE) has made a deal with the Bank of China (BOC) to borrow $300 million for three years. The money will be used to grow its business and add more aircraft to its fleet.

Loan Deal

Dubai-based aircraft leasing company DAE has taken an unsecured loan to help with general business needs. This includes future aircraft purchases and other business plans as the company continues to grow.

The loan will come from Bank of China branches in Dubai, London, and Hong Kong.

DAE CEO Firoz Tarapore said the loan gives the company extra cash to support its airline customers and keep its fleet modern and efficient.

Pan Xinyuan, head of the Bank of China’s Dubai Branch, said the deal shows the bank’s support for important aviation companies and helps strengthen economic ties between China and the UAE. He also said the deal shows how the bank can offer flexible solutions to meet the changing needs of its clients.

DAE owns and manages over 500 aircraft and works with more than 200 airlines in over 85 countries. It has offices in Dubai, Dublin, Limerick, Amman, Singapore, Miami, New York, and Seattle.

Recent Deals

• In May, DAE bought Nordic Aviation Capital and its related companies for $2 billion.

• In March, it agreed to buy 17 new aircraft for $1 billion.

• In January, DAE said it had acquired 83 aircraft and signed 233 leasing deals in 2024, showing strong demand for its services.

Q1 Performance

DAE reported strong financial results for the first quarter of 2025.

Its operating profit rose by 29.4% from the same period last year, reaching $201.4 million. This was mainly due to higher maintenance revenue and profits from selling aircraft.

Total revenue for the quarter was $395.9 million, up from $343.6 million a year earlier.

Published: 3rd June 2025

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