DAE signs agreement with US Export-Import Bank for 10 Aircraft

DAE Capital, the aircraft leasing and financial business arm of Dubai Aerospace Enterprise (DAE), has secured a financing commitment with the Export-Import Bank of the United States (Ex-Im Bank) worth over $500 million. The financing deal between Ex-Im Bank and DAE Capital supports the delivery of 10 aircraft by guaranteeing commercial loans or providing the loan itself. The aircraft will be allocated for purchase and leaseback agreements with Emirates Airlines and Garuda Indonesia.