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
Latest Travel News
Featured Sights To See
Bali Orchid Garden
Bali, Indonesia
A private garden about a hectare in size, it is open to the pubic for individual or group tours. Here you can tour the beautiful gardens full of different varieties of orchids as well as buy souvenirs flower boxes to take home, flower arrangements and cut flowers. A must-visit for all horticulture aficionados Timings: 9am to 6pm PT. Anggrek Anyar, Jalan Bypass Tohpati, Kusamba 1 Denpasa...
Ain Umm Al-Sajur Site
Bahrain, Bahrain
The site is renowned for having the highest water spring in Bahrain. This spring was found by a Danish Expedition in 1954 and is said to date back to the Dilmun Period i.e.: 2000 B.C. Evidence depicts that the people of that time worshipped the spring water as they thought the water brought them fertility.Timings: Anytime Address: Northeastern side of Diraz village ...
Jüdisches museum (The Jewish Museum)
Berlin, Germany
This eye-opening collection of artefacts are a must-see for visitors who want to know the real past of Jews in Germany. Items from over 2000 years ago are displayed. Although the holocaust is only a small section of the museum, its presence pervades the entire place. Website: www.jmberlin.de Lindenstrasse 9-14, Telephone: 25993300. ...
Ponte 25 de Abril
Lisbon, Portugal
You would swear this bridge is almost a dead ringer for San Francisco’s Golden Gate Bridge – in fact it was constructed by the same company in 1966 and is almost as long, stretching at 2.27km. Concerning the unusual name, the bridge was called Salazar after the dictator until the 1974 Revolution of Carnations when a demonstrator separated the ‘Salazar’ and wrote ‘’25 de Abril’ – the new name was a...