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
MRO & Manufacturing
CMA CGM Acquires Crystal Aero Solutions for Air Cargo MRO
CMA CGM Group agrees to acquire Crystal Aero Solutions, securing line maintenance ahead of eight Airbus A350F deliveries from 2027.

CMA CGM Group announced a preliminary agreement on June 12, 2026, to acquire Crystal Aero Solutions, securing dedicated line and light maintenance capabilities for its expanding air cargo division.
The acquisitions, detailed in a company press release, integrates maintenance operations directly into CMA CGM AIR CARGO as the carrier prepares to double its freighter fleet. Crystal Aero Solutions, which officially became a maintenance partner for the shipping group’s aviation arm in 2024, operates primarily out of Paris Charles de Gaulle Airport (CDG), with additional facilities in Brussels and Liège.
Fleet expansion drives maintenance integration
CMA CGM AIR CARGO currently operates a fleet of eight freighter aircraft, consisting of five Boeing 777Fs, two Boeing 747Fs, and one Airbus A330F. The division is scheduled to take delivery of eight new Airbus A350F aircraft starting in 2027, which will double its operational capacity.
Securing in-house maintenance capabilities ensures operational reliability for this growing fleet across key European logistics hubs. Following the acquisition, Crystal Aero Solutions will retain its current management structure and continue to operate as an independent provider for its existing third-party airline customers.
“This transaction marks a new milestone in the development of our air freight activities. As our fleet continues to grow, we will be able to rely on the expertise and know-how of Crystal Aero Solutions’ teams to support our operations across several strategic platforms and support the continued growth of CMA CGM AIR CARGO,” said Damien Mazaudier, Senior Vice President of the Air Division of the CMA CGM Group.
Strategic positioning in European cargo hubs
Since its launch in March 2021, CMA CGM AIR CARGO has steadily built its network to complement the parent company’s maritime and land logistics operations. The acquisition of a specialized aviation maintenance provider represents a shift toward vertical integration within the group’s aerospace division.
By bringing line and light maintenance under its corporate umbrella, CMA CGM Group aims to protect its flight schedules from external supply chain and maintenance bottlenecks. The geographic footprint of Crystal Aero Solutions aligns directly with the cargo airline’s primary European operational bases.
AirPro News analysis
We view this acquisition as a necessary maturation step for CMA CGM AIR CARGO. Operating a mixed fleet of Boeing and Airbus widebody freighters requires complex maintenance planning. As the carrier prepares to introduce the Airbus A350F into commercial service, having a captive Maintenance, Repair, and Overhaul (MRO) provider for line maintenance will be critical to maintaining high dispatch reliability. Relying entirely on third-party MROs introduces scheduling risks that a rapidly scaling logistics provider cannot easily absorb. By allowing Crystal Aero Solutions to continue serving outside customers, CMA CGM also offsets the overhead costs of the maintenance operation while securing priority service for its own aircraft.
Sources: CMA CGM Group
Photo Credit: CMA CGM Group
MRO & Manufacturing
Radia and Italy Sign MoU to Support WindRunner Program
Radia and MIMIT signed an MoU on June 18, 2026, to integrate Italian industrial capabilities into the WindRunner cargo aircraft.

U.S.-based aerospace company Radia and the Italian Ministry of Enterprises and Made in Italy (MIMIT) signed a Memorandum of Understanding (MoU) on June 18, 2026, to integrate Italian industrial capabilities into the development of the WindRunner ultra-large Cargo-Aircraft.
The agreement, announced in a joint press release, establishes a framework to leverage Italy’s aerospace sector to support the production and scaling of the high-capacity transport aircraft. The partnership specifically targets industrial participation in the Campania and Puglia regions.
Expanding the European supply chain
Radia already maintains a significant presence in Italy, with Rome serving as one of its principal headquarters outside the United States. The new agreement with MIMIT aims to deepen this relationship by exploring industrial development opportunities within the country.
The collaboration focuses on the WindRunner program, an aircraft designed to transport outsized cargo for the defense, energy, and aerospace sectors. According to the press release, any future Investments or program decisions resulting from the MoU remain subject to further analysis, approvals, and additional agreements.
“No new strategic airlift aircraft has entered production anywhere in the world in more than a decade. WindRunner is being developed to help address that gap by providing a new capability for transporting mission-critical, outsized cargo. We are proud to strengthen our collaboration with MIMIT and with Italy’s aerospace and industrial sectors as we advance this transformational program,” said Mark Lundstrom, Founder and CEO of Radia.
WindRunner operational capabilities
The WindRunner is engineered to address critical gaps in global logistics and strategic mobility. The aircraft features 6,800 cubic meters of usable cargo space, which Radia notes is ten times larger than the volume of a Boeing 777.
To facilitate direct Delivery to remote or austere locations, the aircraft is designed to operate on semi-prepared or compacted dirt runways with a minimum length requirement of 1,800 meters.
Lundstrom highlighted the defense applications of the platform, stating that allied nations will require new airlift capabilities as strategic mobility requirements continue to grow. Radia has been actively positioning the aircraft for military logistics, appointing former United States Air Force (USAF) Lieutenant General Rick Moore to its advisory board on February 19, 2026.
Strategic positioning and market entry
The MIMIT agreement follows a series of supply chain announcements from Radia. On June 3, 2025, the company secured Partnerships with five aerospace suppliers, including Spain’s Aciturri Aeronautica, to manufacture the composite tail structure for the WindRunner.
Radia previously showcased the aircraft design at the Singapore Airshow on January 27, 2026, signaling its intent to market the platform globally for both commercial energy projects and defense logistics.
AirPro News analysis
We view the formalization of ties between Radia and the Italian government as a strategic move to secure European industrial backing and potential state-level support for the WindRunner program. Italy possesses a robust aerospace Manufacturing base, particularly in composite materials and aerostructures, which aligns with the production needs of an ultra-large clean-sheet aircraft. By targeting the Campania and Puglia regions, Radia is likely positioning itself to tap into established aerospace clusters and regional development incentives. The conditional language in the MoU indicates that binding financial and production commitments are still pending, but the agreement lays the necessary political groundwork for future manufacturing contracts.
Sources: Radia Press Release (MIMIT MoU)
Photo Credit: Radia
Aircraft Orders & Deliveries
Ethiopian Airlines Receives First Twin Otter Classic 300-G
De Havilland Canada delivered the first DHC-6 Twin Otter Classic 300-G to Ethiopian Airlines on June 18, 2026.

De Havilland Aircraft of Canada Limited delivered the first of two DHC-6 Twin Otter Classic 300-G aircraft to Airlines (ET) on June 18, 2026, initiating a fleet expansion aimed at connecting remote and underserved regions across East Africa.
The delivery, announced in a press release by the Manufacturers, follows a purchase agreement signed during the Paris Air Show on June 17, 2025. The new aircraft will allow the carrier to access airstrips unsuitable for larger regional aircraft, supporting tourism, economic development, and essential air services.
Expanding domestic connectivity
Ethiopian Airlines currently serves 22 domestic destinations using its fleet of De Havilland Canada Dash 8-400 aircraft. According to reporting by Aviation Week, the introduction of the Twin Otter Classic 300-G will enable the airline to increase its domestic network to 26 destinations.
The short takeoff and landing (STOL) capabilities of the Twin Otter allow it to operate in challenging environments and on unpaved runways. The airline plans to deploy the newly delivered aircraft, registered as C-FHYC, to new airports including Debre Markos, Negele Boran, and Gore.
“The Delivery of our first Twin Otter Classic 300-G is an important milestone in our regional growth strategy. This aircraft will enable us to better serve remote areas while supporting tourism, economic development, and essential air services throughout the region,” stated Mesfin Tasew, Group Chief Executive Officer of Ethiopian Airlines.
Aircraft specifications and delivery timeline
The Classic 300-G is the latest iteration of the DHC-6 Twin Otter platform. De Havilland Canada designed the updated model with a lighter airframe to increase payload capacity and improve fuel efficiency. The flight deck features a modern Garmin G1000 integrated Avionics suite, while the cabin includes new lightweight seats and enhanced electrical systems.
The aircraft can be configured for multiple mission profiles, including passenger transport, Cargo-Aircraft operations, humanitarian aid, and medical evacuation. The second Twin Otter Classic 300-G ordered by Ethiopian Airlines is scheduled for delivery in late 2026.
“The Twin Otter’s proven reliability, versatility, and ability to operate in challenging environments make it well suited to the diverse missions Ethiopian Airlines will undertake across the region,” said Ryan DeBrusk, Vice President of Sales and Marketing for De Havilland Canada.
AirPro News analysis
We view Ethiopian Airlines’ acquisition of the Twin Otter Classic 300-G as a pragmatic approach to regional connectivity in East Africa. While the Dash 8-400 serves as the backbone of the carrier’s domestic operations, its runway requirements limit access to smaller, unpaved, or geographically constrained airstrips. By integrating the DHC-6 Twin Otter, Ethiopian Airlines bridges the gap between major regional hubs and remote communities. This fleet diversification aligns with the airline’s broader strategy to stimulate local economic development and tourism by ensuring reliable air links to areas previously inaccessible by Commercial-Aircraft transport.
Photo Credit: De Havilland Aircraft of Canada Limited
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