Dubai – Mubasher: Government-controlled Dubai Aerospace Enterprise (DAE) seeks to raise up to $2 billion in July to finance part of its acquisition of Dublin-based AWAS, Reuters reported.
DAE is favouring a bond issuance in the US, with a roadshow for the bonds likely to begin there early next month, the news agency added.
The proceeds would be put towards the acquisition announced by DAE in April that will more than double its fleet to 394 aircrafts by the end of 2018.
Once the deal completes, DAE's fleet will grow from 131 owned, managed, and committed jets to 394 with a total value of over $14 billion.
