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# UNITED ARAB EMIRATES: Dubai Aerospace Enterprise Seeks $2.1 bn Loan -report
- URL: https://insideaviation.news/united-arab-emirates-dubai-aerospace-enterprise-seeks-2-1-bn-loan/
- Published: 2026-10-14T16:00:00.000Z
- Updated: 2026-10-14T16:00:00.000Z
- Description: DUBAI, United Arab Emirates: Dubai Aerospace Enterprise seeks a USD 2.1 billion loan and is courting Asian banks given they remain willing to lend to select Middle East entities despite the conflict in Iran.
- Author: Inside Aviation News
- Tags: United Arab Emirates, Dubai Aerospace Enterprise, Bank of China, Emirates NBD, Leasing, Finance, Dubai

DUBAI, United Arab Emirates

- Dubai Aerospace Enterprise is seeking a USD 2.1 billion loan.
- Asian banks remain willing to lend to select Middle East entities despite the conflict in Iran.
- Bank of China, Emirates NBD, Overseas Chinese Banking, Industrial and Commercial Bank of China and China Construction Bank (Asia) act as mandated lead arrangers and bookrunners on the seven-year facility.
- Proceeds will fund general working capital needs.
- The loan comprises a dollar tranche and a UAE dirham tranche.
- The dollar tranche carries pricing of 110 basis points above the Secured Overnight Financing Rate (SOFR).
- The dirham tranche carries pricing of 95 basis points above the Emirates Interbank Offered Rate (EIBOR).
- Dubai Aerospace Enterprise ranks among the world's largest aircraft lessors and is owned by Investment Corporation of Dubai (ICD).
- Asian lenders provided over USD 17 billion to the region last year, three times the 2024 total.
- Recent completed deals include a USD 3 billion facility for Qatar Energy and a USD 300 million facility for Boubyan Bank.
- DAE's global aviation services are divided into two core segments: DAE Capital and DAE Engineering. The primary revenue-generating driver is its leasing platform, DAE Capital, which recently solidified its position as the world’s third-largest aircraft lessor following the USD 9 billion acquisition of Macquarie AirFinance Ltd in July 2026\. The transaction significantly scaled DAE's total portfolio to an owned, managed, and committed fleet of approximately 1,000 aircraft with an overall asset value of USD 35 billion covering multiple aircraft types at over 175 airline customers in over 75 countries.
- Other wing of the company is DAE Engineering, which holds a majority stake in Amman-based MRO firm Joramco which is capable of servicing up to 24 wide and narrow-body aircraft simultaneously.
- DAE closed its fiscal year 2025 with a net profit of USD 702.2 million, up 47.1 percent from the previous year, on total revenue that increased 20.7 percent to USD 1.725 billion.
- In the first half of 2026, the global aviation services company generated USD 865.9 million in revenue (up from USD 843.6 million in 1H 2025) and delivered a profit before tax and exceptional items of USD 229.9 million, maintaining a healthy pre-tax profit margin of 26.6 percent.

**Sources:**

- [Asharq Business](https://asharqbusiness.com/companies/151426/%D8%AF%D8%A8%D9%8A-%D9%84%D8%B5%D9%86%D8%A7%D8%B9%D8%A7%D8%AA-%D8%A7%D9%84%D8%B7%D9%8A%D8%B1%D8%A7%D9%86-%D8%AA%D8%B3%D8%B9%D9%89-%D9%84%D9%82%D8%B1%D8%B6-%D9%85%D9%86-%D8%A8%D9%86%D9%88%D9%83-%D8%A3%D8%BA%D9%84%D8%A8%D9%87%D8%A7-%D8%A2%D8%B3%D9%8A%D9%88%D9%8A%D8%A9/?ref=insideaviation.news)
- [Bloomberg](https://www.bloomberg.com/news/articles/2026-10-14/dubai-aerospace-seeks-2-1-billion-loan-mainly-from-asian-banks?ref=insideaviation.news)
- [DAE Financials](https://dubaiaerospace.com/2026/07/29/dae-announces-financial-results-for-the-six-months-ended-june-30-2026/?ref=insideaviation.news)