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Dubai: DAE reaches agreement with existing lenders
Sharifa Ghanem Published in Bikya Masr on 19 - 07 - 2011

DUBAI: Dubai Aerospace Enterprise (DAE) Ltd. announced today that it had successfully concluded discussions with its existing lenders and reached agreement on a new, 4-year credit facility to replace the existing credit facility maturing on July 23, 2011.
Dubai Aerospace Enterprise (DAE) Ltd is a globally recognized aerospace company specializing in maintenance, repair and overhaul (MRO) services, aircraft completions and aircraft leasing. The Company is headquartered in Dubai and operates in four continents and employs over 4,000 people.
The UAE has long been pushing for continued alternative energy and green projects.
Experts hope that the new DAE facility will help boost the industry and enable further investment in the country toward meeting its green efforts.
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