mediaoffice
Dubai Aerospace Enterprise (DAE), a global leader in aviation services, has released its business and operational highlights for 2024, showcasing significant growth across its divisions: The DAE Company comprises of DAE Capital and DAE Engineering.
DAE had acquired a credit facility of AED 2.75 billion under the 5-year unsecured term loan from a GCC lender. Fitch Ratings giving the company BBB credit rating and Moody’s giving the company Baa2 credit rating: Capital and liquidity management.
On the occasion, the CEO of DAE Firoz Tarapore said, “The year 2024 was a year of outstanding operationalization and advancement of its plans to strengthen its global franchise. Budgets used our metrics to validate DAEs niche in the provision of aviation services.”
With innovation as its motivation and market penetration as its objective, the following are some of the success that DAE posted in 2024, which proves it being an industry player in the aviation industry.
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