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
Emirates urging travelers to come early to avoid rush at Dubai Airport
Etihad Airways National Day takeover of Nasdaq Tower at Times Square
Football legend Rio Ferdinand promotes Dubai Fitness Challenge
Latest Travel News
Jumeirah Beach Hotel, Dubai, will be clo...
Etihad Airways National Day takeover of ...
World’s longest urban zipline launches i...
Featured Sights To See
The Avenue of Stars

The Avenue of Stars

Hong Kong, China

Located along the Victoria Harbor waterfront, the Avenue of Stars in Tsimshatsui is the Far East's equivalent to the Hollywood Walk of Fame. It is  a tribute to the great movie and TV industry of Hong Kong, a tribute to the professionals who have contributed to the territory's hundred-year history of film making. The Avenue of Stars features commemorative plaques, hand prints of movie celebri...

Alisher Navoi Opera and Ballet Theater

Alisher Navoi Opera and Ballet Theater

Tashkent, Uzbekistan

Alisher Navoi Opera and Ballet Theater was built by the Japanese prisoners of war during the second world war. The architectural splendor is worth a visit, even if you’re not in the mood for the Opera or Ballet. Address: Ataturk Kochasi 28, Tel: 2339081. Opening Times: Mon to Fri 6PM, Sat and Sun 5PM ...

Alexandrovsky Gardens

Alexandrovsky Gardens

Moscow, Russia

These gardens are lovely to take a stroll through. At the entrance of the garden, a marble monument has been erected to honor soldiers killed during WW II. Known as the Tomb of the Unknown Soldier, it was built to commemorate especially those Russian cities that suffered atrocities under Nazi rule. ...

Funfairs, Parks, and Playgrounds

Funfairs, Parks, and Playgrounds

Cairo, Egypt

Cairo Land 1, Salah Salem St Tel: 364-5251/364-0430   Dream Park 6th October City Tel: 840-0887   Fun Planet Arkadia Mall, Downtown Tel: 579-2076   Geneina Mall Badrawi St, off Abbass El Akkad St, Nasr City Tel: 263-0745   Gero Land Obour City, Ismailia Rd Tel: 477-1435/33/34   Magic Land Media Production City, 6th October Tel: 835-7166   Pharaon...