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

Notes and media contacts

About DAE Capital:
DAE Capital is part of Dubai Aerospace Enterprise, a fast developing global aerospace, manufacturing and services corporation made up of six divisions. The others are DAE Engineering, DAE Services, DAE Manufacturing, DAE Airports, and DAE Flight Academy.

Being established as an aircraft leasing and finance business, DAE Capital aims to become one of the largest aircraft leasing companies serving an international market, inside the next decade. It aims to support the incredible demand for new aircraft globally, with a balanced quality portfolio of single-aisle and wide-body aircraft.

DAE Capital offers clients and investors a proposition few others can match. As one of six divisions of DAE, the group provides a synergised cluster of aerospace services, allowing customers to benefit from a world-class shared knowledge and service pool. Its unrivalled position allows it to provide advanced value-added services to airlines in conjunction with the other DAE segments such as engineering, maintenance, repair and overhaul.

DAE Capital seeks to become an integral part of the global aerospace industry and a leading player on the world stage in terms of aircraft leasing and finance.

About DAE:
DAE is a fast developing global aerospace, manufacturing and services corporation made up of six divisions: DAE Capital, DAE Engineering, DAE Services, DAE Manufacturing, DAE Airports, and DAE Flight Academy.

Headquartered in Dubai, the group is growing through a series of phased developments and acquisitions to become a global player and to produce an integrated aerospace cluster, based at Dubai World Central - the new 140 square kilometre airport and logistics city being constructed in Jebel Ali, Dubai.

It is forming international partnerships at the highest level of industry with the aim of establishing one of the most innovative and successful businesses in the global aerospace industry within the next decade.

About Export-Import Bank:
The Export-Import Bank of the United States (Ex-Im Bank) is the official export credit agency of the United States. Ex-Im Bank's mission is to help U.S. companies of all sizes to create and maintain jobs in the United States by assisting in the financing of U.S. exports to international markets.

Ex-Im Bank does not compete with private-sector lenders but provides export-financing products that fill gaps in trade financing. Ex-Im Bank assumes credit and country risks that the private sector is unable or unwilling to accept and helps to level the playing field for U.S. exporters by matching the financing that other governments provide to their exporters.

Ex-Im Bank provides working capital guarantees, export-credit insurance, loan guarantees and direct loans. No transaction is too large or too small. More than 80% of Ex-Im Bank's authorizations in recent years have been made available for the direct benefit of U.S. small businesses.

In its 75-year history, Ex-Im Bank has supported more than $400bn of U.S. exports, primarily to developing markets worldwide.

For further information contact:
Munther Juma on +971 50 4502333
Noora AlMazrooie on +971 50 6513184