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
flydubai will fly to Tashkent from 11 Ma...
ATM Dubai to launch Holiday Shopper on 2...
Agoda partners with Saudi Ministry of ...
Featured Sights To See
The Opera

The Opera

Copenhagen, Denmark

Situated in Holmen District, the opera house was inaugurated in 2005 and is known was the world’s most modern opera houses in the world with state-of-the-art sound systems. There is a joint Café and restaurants, surrounded by water from three sides, for the entertainment of the tourists. Address: Danneskiold-Samøes Allé                     {loadposition ...

Tiergarten

Tiergarten

Berlin, Germany

the large central park in Berlin is a beautiful escape from the busy life of the city. The principal road through it is Strasse des 17 Juni which runs East to West. It was originally a hunting reserve and has several lakes in it. The garden was divided by the Berlin Wall in the late 20th century....

Municipal House

Municipal House

Prague, Czech Republic

Full of Czech symbolism, this building is Art Nouveau homage to nationalism. There is a mosaic called Homage to Prague above the entrance which represents the oppression and resurrection of the Czech people. There is a cafe; concerts are held in Smetana Hall and tours. Location: Namesti Repuliky 5 Opening Times: 7:30am – 11pm, Information Centre: 10am – 6pm Admission Prices: guided tou...

National Museum of Yemen

National Museum of Yemen

Sanaa, Yemen

Address: al-Tahrir Square Timings: Saturdays to Thursdays 9am to 12noon, 3pm to 5pm. Fridays 9am to 12pm only Entrance:  YER 500 Housed inside a former palace known as the Dar-as-Sada (House of Happiness), this is the place that offers you an overview of how Sana'a came to be, how it has survived the several dynasties that ruled over it, and why the skyscrapers still stand tall today as...