Dubai Aerospace Enterprise (DAE) has signed a $420 million 5-year unsecured term loan with China Construction Bank DIFC Branch and China Construction Bank Asia. “This term loan will serve to further strengthen our already exceptional liquidity, which stood at $4.1 billion at the end of 2023,” said DAE CEO Firoz Tarapore. China Construction Bank DIFC Branch senior executive officer Yuan Shengrui added: “CCB DIFC Branch is delighted to collaborate again with DAE, a globally significant enterprise in the aviation sector.” The loan will support the future financing needs of the business.

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