DAE gets funds for nine Boeing planes

18 June 2009

Dubai Aerospace Enterprise (DAE) has secured a $450m Guaranteed Loan Facility from Citibank so that it can buy nine planes from Boeing. Delivery dates are between June 2009 and April 2010. The Export-Import Bank of the United States has guaranteed all of the principal and interest, DAE said.

A MEED Subscription...

Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.

Get Notifications