Dubai Aerospace Enterprise (DAE) has signed a $ 300 million unsecured seven-year financing deal with six banks .
ADCB acted as the guarantor, lead arranger and bookrunner. The loan amount will be used to repay collateralised debt and support the company's future financing needs .
CEO of Dubai Aerospace Enterprise (DAE), Fairuz Tarapur, said the financing deal, led and arranged by Abu Dhabi Commercial Bank (ADCB), would raise the total liquidity raised in the past 18 months to $ 3.5 billion, ensuring the airline has significant funding power to move forward with ambitious growth plans. Her .
Ludovic Nobili, head of investment banking at ADCB, said the company's endeavors to achieve its strategic financing goals include increasing the percentage of unsecured debt in the company's public debt structure .