UAE – Mubasher: Dubai Aerospace Enterprise Ltd. (DAE) announced that it has signed three agreements to secure $490 million in loans.

The loans will have maturities of between three and seven years, DAE said in a statement.

Firoz Tarapore, CEO of DAE commented: “We continue to bolster our liquidity cushion to support our growth ambitions and opportunities. Our very strong balance sheet and solid operating model continue to attract lenders, new and existing, to DAE.”