Emirates talking to banks to finance aircraft purchase
Published by Irhal
June 25 - Emirates Airlines is talking to local and international banks to finance the purchase of new aircrafts that are to be delivered after May 2011, said a senior airline executive. The airline has already arranged for the money for deliveries by May 2011 but it needs financing for deliveries beyond that date, said Brian Jeffery, Emirates' Senior Vice-President for Commercial Treasury. "We have…

"We have received offers of finance from local and international banks that encompass both Islamic and conventional markets," he added. "We envisage that bonds [either guaranteed by export credit agencies or otherwise] will continue to be used as part of our financing strategy as long as the pricing remains competitive."
The airline has issued bonds to finance the purchase of aircrafts in the past.
Earlier this month, the carrier placed orders for a record 32 additional Airbus A380 aircraft.
More Travel News
All travel news
Airline News
Qatar Airways Resumes Flights to Philadelphia
The airline marks Philadelphia as its 14th destination in North America
Read full story
Travel News
Thailand Unveils Summer Holiday 2026 Shopping
This summer, Central Shopping Centers invites international visitors to experience the best of shopping, dining, and leisure with Summer Holiday 2026, running from 20 July – 30 September 2026. Created exclusively for international tourists, the campaign offers shopping privileges across Thailand’s five world-class shopping malls: centralwOrld, Central Park…
Read full story
Travel News
Special "Ahlan Jordan" Prices for Tourists
The Ministry of Tourism and Antiquities and the Jordan Tourism Board, in cooperation with tourism associations, have launched the integrated digital platform "Ahlan Jordan" as part of measures to support the tourism sector and address the impact of regional circumstances on travel activity.
Read full story
Airline News
Flydubai increases flights to Milan and Naples
flydubai, the Dubai-based carrier, has increased its daily operations between Dubai and Naples and is set to boost its flights to Milan-Bergamo to a double-daily operation from 31 July, enhancing passenger connectivity to Italy.
Read full story