“Dubai Aviation Industries” expects a loan deal worth $ 300 million

“Dubai Aviation Industries” announced today, the signing of an unaccodeible loan deal worth 300 million dollars for a period of three years with the Branch of the Bank of China “Dubai”, the Banque China’s Limited Branch “London”, and the China Bank “Hong Kong” limited, and the loan will be used for general purposes and to support the company’s future business financing needs.

“This deal with the Bank of China provides additional liquidity to support our continuous commitment to meet the needs of our clients from airlines while maintaining the efficiency and development of our fleet.”

Ban Shinyuan, the general manager of the Dubai Bank Branch “Dubai”, said: We are looking forward to continuing to support bilateral relations between China and the UAE and enhance the growth of Emirati companies.