Dubai Aerospace Enterprise Secures US2.8 Billion Credit Facilities
Dubai Aerospace Enterprise signs US$2.8 billion unsecured revolving credit facilities, increasing total capacity to US$4 billion with maturity in 2031.

This article is based on an official press release from Dubai Aerospace Enterprise (DAE).
Dubai Aerospace Enterprise (DAE) Ltd has officially announced the signing of agreements for new long-term, unsecured revolving credit facilities totaling US$2.8 billion. The strategic financial move, announced on March 24, 2026, significantly bolsters the global aviation services company’s liquidity and financial flexibility.
According to the company’s press release, these new agreements will replace an existing US$1.4 billion facility. The newly secured credit lines carry a maturity date of March 2031.
With the addition of these new facilities, DAE’s total revolving credit facility capacity has increased to approximately US$4 billion. This expanded capacity positions the Dubai-headquartered lessor to better navigate market dynamics and support its extensive global operations.
Funding Structure and Banking Partners
The newly established revolving credit facilities feature a dual-tranche structure, incorporating commitments in both United States Dollars and United Arab Emirates Dirhams. The total US$2.8 billion is divided into US$2.3 billion in conventional funding and US$0.5 billion in Shari’a-compliant liquidity.
A syndicate of 15 global financial institutions participated in providing the funds. For the conventional facility, Emirates NBD and First Abu Dhabi Bank served as the Initial Mandated Lead Arrangers. Meanwhile, Abu Dhabi Islamic Bank took on the role of Mandated Lead Arranger for the Shari’a-compliant portion of the facility.
In a company statement, DAE Chief Executive Officer Firoz Tarapore emphasized the significance of the diverse funding sources.
“We are delighted to announce these new facilities, which further bolster DAE’s liquidity strength. By tapping both conventional and Shari’a-compliant sources of funding, this transaction underscores DAE’s exceptional access to liquidity from both our local banking partners and a globally diversified group of leading financial institutions,” Tarapore said.
DAE’s Market Position and Fleet Operations
Dubai Aerospace Enterprise operates through two primary divisions: DAE Capital and DAE Engineering. The company serves over 200 airline customers across more than 80 countries from its offices in Dubai, Dublin, Amman, Singapore, Miami, and Seattle.
DAE Capital, the company’s aircraft leasing arm, manages an owned, managed, and committed fleet of approximately 700 aircraft, including Airbus, ATR, and Boeing models. The total value of this fleet is estimated at US$25 billion, according to the official release.
Additionally, DAE Engineering provides regional MRO services from its facility in Amman, Jordan. The state-of-the-art facility can accommodate up to 24 wide and narrow-body aircraft and holds regulatory approvals from over 30 global regulators to work on 16 different aircraft types.
AirPro News analysis
We note that the expansion of DAE’s revolving credit capacity to US$4 billion aligns with a broader strategy of aggressive capital raising and fleet expansion. Industry data from CAPA, Centre for Aviation indicates that in 2025, DAE raised US$3.9 billion in debt financing and completed the US$2 billion acquisition of Nordic Aviation Capital, which drove a 35% growth in its fleet.
Securing long-term liquidity is particularly critical given the current geopolitical climate in the Middle East. Recent reporting by Zawya highlights that intermittent airspace and airport closures linked to regional conflicts have forced Gulf carriers to adjust schedules. A recent CreditSights report noted that 12% of DAE Capital’s fleet is placed with airlines in the Middle-East, with clients including Emirates, Oman Air, and Jazeera Airways. By locking in US$2.8 billion in unsecured credit through 2031, DAE ensures it has the financial resilience to support its airline partners and pursue further inorganic growth despite regional volatility.
Frequently Asked Questions
What is the total value of DAE’s new credit facilities?
Dubai Aerospace Enterprise signed agreements for US$2.8 billion in new unsecured revolving credit facilities, increasing its total capacity to approximately US$4 billion.
When do the new credit facilities mature?
The new credit facilities have a maturity date of March 2031.
How is the funding structured?
The US$2.8 billion is split between US$2.3 billion in conventional funding and US$0.5 billion in Shari’a-compliant liquidity, supported by 15 global financial institutions.
Sources
Photo Credit: Dubai Aerospace Enterprise
Commercial Aviation
Riyadh Air Launches First Domestic Flights to Jeddah
Riyadh Air began Riyadh-Jeddah domestic service on June 14, 2026, using Boeing 787-9 aircraft on one of the world’s busiest routes.

Riyadh Air officially commenced its first domestic operations on June 14, 2026, launching service between King Khalid International Airport (RUH) and King Abdulaziz International Airport (JED) with its Boeing 787-9 Dreamliner fleet.
The inaugural flight, designated RX0011, departed the Saudi capital at 9:00 AM local time and arrived in Jeddah at 10:50 AM. In a press release issued to mark the occasion, the carrier framed the new route as a critical component of Saudi Arabia’s National Transport and Logistics Strategy and the broader Vision 2030 initiative, catering to business, tourism, and religious travel.
Schedule ramp-up and market demand
The airline is initiating the RUH-JED corridor with two daily flights. According to schedule data reported by Arabian Business, Riyadh Air will increase this frequency to three daily flights on June 18, 2026, and expand to four daily flights by July 2, 2026.
The capacity addition enters one of the most heavily trafficked domestic aviation markets in the world. In 2025, the Riyadh-Jeddah route recorded 9.8 million seats, ranking it as the fifth busiest domestic corridor globally.
Riyadh Air Chief Executive Officer Tony Douglas highlighted the strategic importance of the corridor for the new national carrier.
“The launch of our new service to Jeddah marks another historic moment in our journey to increase connectivity to Riyadh. This route has been carefully selected to serve a key market for business and cultural travel, aligning with our ambition to become a global airline and a significant contributor to Vision 2030.”
Network integration and hub strategy
The domestic launch follows closely behind Riyadh Air’s inaugural international commercial flight to London Heathrow Airport (LHR). Industry publication LARA reported that the new domestic service is designed to position Riyadh as a primary transport hub, facilitating connections for passengers traveling from Jeddah to planned global destinations including Dubai, Cairo, Madrid, and Manchester.
The expansion requires close coordination with airport operators. Eng. Mazen bin Mohammed Johar, Chief Executive Officer of Jeddah Airports Company (JEDCO), stated that the inaugural flights reflect an advanced level of collaboration across the Saudi aviation sector. He noted the service strengthens air connectivity between the two cities while expanding travel options for passengers.
AirPro News analysis
We view Riyadh Air’s deployment of widebody Boeing 787-9 Dreamliner aircraft on a domestic route as a clear indicator of the sheer volume of demand between Riyadh and Jeddah. While operating twin-aisle aircraft on short-haul domestic sectors is relatively uncommon globally, the 9.8 million seats recorded on this route in 2025 justify the high-capacity gauge. This strategy allows the carrier to maximize slot utility at both RUH and JED while rapidly building the domestic feed necessary to sustain its expanding international long-haul network.
Sources: Riyadh Air
Photo Credit: Riyadh Air
MRO & Manufacturing
GE Aerospace Fleet Support Shanghai Turns 20 in 2026
GE Aerospace marks 20 years of Fleet Support Shanghai, now using AI platform Mailbox.AI to route 95% of AOG support emails automatically.

On June 15, 2026, GE Aerospace marked the 20th anniversary of its Fleet Support Shanghai center, highlighting the facility’s evolution from a regional technical hub into a critical node for global engine monitoring and Aircraft on Ground (AOG) triage.
In a company announcement detailing the milestone, GE Aerospace noted that the Shanghai facility operates in a 12-hour rotation with the manufacturer’s Cincinnati Fleet Support Center. This dual-hub structure ensures continuous technical support and spare parts coordination for operators of GE Aerospace and CFM International engines worldwide.
Two decades of operational expansion
The Shanghai center opened in 2006 with an initial staff of nine people. The facility was originally established to provide localized technical support, remote monitoring, and spare parts coordination for the rapidly expanding Chinese aviation market.
Shaojun Zhu, the founding head of Fleet Support Shanghai, stated that the localized approach proved highly effective for the manufacturer.
“What makes me proud is that the model proved so effective that it not only strengthened support for customers in China, but also helped shape the broader Fleet Support approach globally,” Zhu said.
Today, the team consists of 19 members. Alex Li, Senior Engineering Section Manager of Fleet Management, described the hub as a vital bridge connecting airline customers directly to GE Aerospace and CFM International engineering resources to resolve operational disruptions.
Artificial intelligence integration for AOG response
As the global fleet of supported engines expanded, the center faced a 10 percent annual growth rate in support inquiries. To manage the increasing volume, GE Aerospace launched a proprietary artificial intelligence platform called Mailbox.AI in September 2025.
Developed as an offshoot of the manufacturer’s FLIGHT DECK lean operating model, the cloud-based AI system automatically classifies inbound communications. According to the company, the model correctly identifies and routes 95 percent of emails, significantly reducing triage times for critical AOG situations.
Ivy Zheng, TechOps Continuous Improvement Lead at GE Aerospace, highlighted a recent case where the Shanghai team utilized the integrated system to locate an out-of-stock engine spare part. The team coordinated directly with the Cincinnati warehouse to expedite an allocation from the active production line, allowing the customer airline to maintain its scheduled flight operations.
AirPro News analysis
We note that the integration of AI into customer support workflows represents a necessary shift for major original equipment manufacturers (OEMs). As global engine fleets grow and supply-chain constraints persist, the ability to rapidly triage AOG requests and locate spare parts across international warehouses is critical. The 95 percent routing accuracy of Mailbox.AI suggests that GE Aerospace is successfully leveraging automation to protect airline dispatch reliability without proportionally increasing support headcount.
Sources: GE Aerospace
Photo Credit: GE Aerospace
Commercial Aviation
AirSWIFT Flights Transfer to Cebgo from July 2026
Cebu Pacific completes its PHP 1.75B AirSWIFT acquisition as all flights move to Cebgo from July 1, 2026.

Starting July 1, 2026, all flights previously operated by Philippine boutique Airlines AirSWIFT will transition to Cebu Pacific’s regional subsidiary, Cebgo. The operational shift marks the final integration phase following Cebu Pacific’s PHP 1.75 billion Acquisitions of AirSWIFT in late 2024, consolidating the group’s turboprop network under a single brand.
In an official advisory issued on June 15, 2026, Cebu Pacific Air confirmed that the AirSWIFT brand will be gradually retired. The most immediate passenger-facing change involves the flight designator code, which will switch from AirSWIFT’s “T6” to Cebgo’s “DG” across all booking and airport systems.
Operational continuity and fleet integration
Despite the brand retirement, Cebu Pacific stated that the transition will not affect existing flight schedules, timings, or Commercial-Aircraft assignments. AirSWIFT operates a fleet of ATR 42-600 and ATR 72-600 turboprops, which align directly with Cebgo’s existing regional fleet profile.
The integration secures Cebu Pacific’s footprint in premium domestic leisure markets. AirSWIFT historically specialized in routes connecting key Philippine tourist destinations, including El Nido, Boracay, Bohol, Cebu, Coron, and Clark. By moving these flights under the Cebgo operation, the parent company streamlines its regulatory and operational overhead while maintaining service on established routes.
Phased acquisition timeline
The July 2026 operational transfer concludes a multi-year acquisition process. Cebu Pacific initially announced the purchase of AirSWIFT from ALI Capital Corporation, a subsidiary of Ayala Land Inc., on October 7, 2024. The transaction was valued at approximately $31 million (PHP 1.75 billion), according to reporting by Aviation Week.
The airlines completed the migration of AirSWIFT’s booking systems into the Cebu Pacific platform on March 24, 2025. With the final operational handover to Cebgo, airport announcements and flight displays will cease using the AirSWIFT name. Cebu Pacific noted it is prioritizing regulatory-required updates during the phase-out period.
AirPro News analysis
We view the absorption of AirSWIFT into Cebgo as a logical conclusion to the 2024 acquisition. Operating two distinct regional turboprop brands within the same parent company creates unnecessary duplication in maintenance, crew training, and regulatory compliance. By folding the El Nido and Coron routes into Cebgo’s established ATR network, Cebu Pacific maximizes fleet utilization while maintaining a strong hold on several high-yield leisure routes previously cultivated by Ayala Land.
Sources: Cebu Pacific Air
Photo Credit: ATR
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