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
Kazakhstan's new tourist attraction - fa...
Summer in Turkey...
Taif Season attracts more than 750,000 v...
Featured Sights To See
Little Mermaid

Little Mermaid

Copenhagen, Denmark

Based on a fairy tale by Danish poet and author Hans Christian Andersen, the Little Mermaid is a marvel of art, one of its kind and unique and continues to attract tourists. The statue is positioned in such a way that it overlooks the harbor and gives a picturesque view of the surroundings. You can be the one to get a photograph with her when you visit Copenhagen. The monument is so famous worldwi...

Église de la Madeleine

Église de la Madeleine

Paris, France

Construction at the site of the Église de la Madeleine began in 1763.  It was initially supposed to be a baroque church, but construction was halted after two false starts.  Napoleon chose the site for a neoclassical monument commemorating his army, but he was deposed before it could be completed.  During the bourbon Restoration, Louis XVIII decided to turn it into a church, but he ...

Olympic Stadium

Olympic Stadium

Montreal, Canada

A white elephant is burdensome possession which cannot be disposed of, and whose upkeep far outweighs its usefulness.  Montreal’s Olympic Stadium is a perfect example of a white elephant.  Construction began in 1973, and was not completed until 1987.  It was barely opened in time for the Olympics, but the tower and retractable roof (which has never actually retracted) remained unfin...

Parque del Este

Parque del Este

Caracas, Venezuela

A spot for rest and recreation, Parque del Este forms the largest open public green space within the city. It is thronged with visitors every day, especially in the evenings. The park offers a serene escape to the Caraqueños from the bustle and noise of a congested city life. Apart from being a favorite hangout space for the young and the old alike, the park also offers activities geared at ed...