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
Big jump in international passengers for Saudi Airlines
flydubai will fly to Tashkent from 11 March 2019
New Istanbul airport starts operations
Latest Travel News
Multiple Langham Hotels named in 2020 Re...
Swiss Belhotel to open 4 new hotels in t...
Abu Dhabi and Wizz Air announce establis...
Featured Sights To See
Copenhagen City Hall

Copenhagen City Hall

Copenhagen, Denmark

Established in the late 18th Century, the Copenhagen City Hall is quite famous for its blend of Italian and Danish architecture. The hall is not only used for political meetings and events but is also devoted to organize civil weddings. The entire place is decked out with various paintings and sculptures of famous political figures and monuments. A striking feature of the city hall is the huge ast...

Lincoln Memorial

Lincoln Memorial

Washington DC, United States

A tribute to the country's 16th President, who led during the Civil War. The structure is designed as a neoclassical temple, similar to Parthenon in Greece with 36 fluted Doric columns representing states of the Union at the time of Lincoln’s death, plus two at the entrance. President Lincoln's Second Inaugural Address and his Gettysburg Address are both engraved on the walls of the memorial chamb...

Forum

Forum

Copenhagen, Denmark

Established in 1926 to exhibit cars, the Forum was renovated to form a platform where various concerts and trade fairs are held today. It can host up to 10,000 people at one time and is facilitated by a restaurant which alone can seat up to 250 guests. Address: Julius Thomsens Plads 1 (at Forum Metrostation) Telephone: +45 32 47 20 00                     {loadposition upload_im...

Abdulraouf Khalil Museum

Abdulraouf Khalil Museum

Jeddah, Saudi Arabia

A mosque, a citadel and respective houses of Saudi Arabian, Islamic, International and Public Heritage make up the Abdulraof Khalil Museum. There are  a total of 19 units and houses and 15 fountains all around the vicinity, making it an interesting area to walk around in. Address : Behind theAl-Bayan school...