DUBAI - State-owned Dubai Aerospace said on Thursday its board had approved a $300 million bond repurchase program.

One of the world's largest aircraft lessors, the company recently increased an existing four-year loan to $800 million. 

(Reporting by Davide Barbuscia; editing by Jason Neely) ((Davide.Barbuscia@thomsonreuters.com; +971522604297; Reuters Messaging: davide.barbuscia.reuters.com@reuters.net))