Airline

Emirates talking to banks to finance aircraft purchase

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 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 Airline
Turkish Airlines launches new cabin crew uniforms
Emirates voted ‘Best Business Airline’ and ‘Best Airline – Long-Haul Holiday’ by Conde Nast Traveller readers
Tourism to contribute SR118 billion to Saudi Arabian economy by 2020
Latest Travel News
Emirates voted ‘Best Business Airline’ a...
Tourism to contribute SR118 billion to S...
Emirates Palace Abu Dhabi to celebrate M...
Featured Sights To See
Statue of Mannerheim

Statue of Mannerheim

Helsinki, Finland

Situated along the Mannerheim Street in the heart of Helsinki is this statue of the great Finnish Military leader, Carl Gustav Emil Mannerheim. The statue is a very famous cultural landmark for Helsinkians.                     ...

The Egyptian museum

The Egyptian museum

Berlin, Germany

located in Schloßstraße 70, this museum houses a mesmerizing collection of ancient Egyptian artefacts, including the famous bust of the queen Nefertiti. Check the website for the exhibitions currently running. Telephone: 34357311. Open: Tues to Sun 10AM-6PM.  ...

Art Museum

Art Museum

Bucharest, Romania

Whether you are an art fanatic or not, visiting this museum is a must. The paintings in this former Royal Palace building date back to as far as the 14th century. Most of the work had remained undiscovered and is now put up in the Romanian Art Museum. Romanian and European art belonging to modern, classical and contemporary categories is exhibited at its best. Tickets: 2.5 Euro Address: Calea...

Shanghai Museum of Arts and Crafts

Shanghai Museum of Arts and Crafts

Shanghai, China

This museum has a spectacular interior. The architecture is distinctly French with gleaming marble floors and palatial scale staircases, wooden beams and stained glass windows. On display are various intricate and lovely pieces of wood carving, ivory carvings as well as creations composed of jade and bamboo. In addition there are traditional lanterns, dresses, tapestries, fans and snuff boxes on...