Dubai Aerospace Enterprise (DAE) has reached an agreement with its existing lenders on a new, four-year credit facility to replace the existing facility maturing on July 23, the company said.

The value of the credit facility was not given by the company in its statement.

DAE is a globally recognised aerospace company specializing in maintenance, repair and overhaul (MRO) services, aircraft completions and aircraft leasing.

The company is headquartered in Dubai and operates in four continents and employs over 4,000 people. – TradeArabia News Service