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
Kids and Teens- Finnish Opera

Kids and Teens- Finnish Opera

Helsinki, Finland

The National Opera runs special programs for children featuring exciting stories and documentaries to promote learning and creativity.                     ...

Holzhausen Castle

Holzhausen Castle

Frankfurt, Germany

This charming castle surrounded by water is set in the middle of Holzhausenpark. Originally a castle with a moat when it was built in 1398, Holzhausen Castle was transformed into a Rococo palace in 1727. Today it is used for concerts, lectures and readings and is a great place to relax and enjoy park’s greenery. Address: Justinianstraße 5,     Frankfurt am Main 60322 Phone: +49 69 5577...

Saigon Square

Saigon Square

Ho Chi Minh City, Vietnam

This is a popular spot for both tourists and the younger crowd, where Russian Market stores can be found selling cheap watches, T-shirts, DVDs, clothes, slippers and the like. Location: Corner of Hai Ba Trung and Nguyen Du, District 1                     ...

Victoria and Albert Museum

Victoria and Albert Museum

London, United Kingdom

The Victoria and Albert Museum first opened in 1852 and moved to its current location in 1857.  Queen Victoria herself officially opened the museum on June 22nd.  From the beginning, the museum focused on more practical decorative items – metalwork, furniture, textiles, etc.  It catered to ordinary working class citizens, reflected in its evening and nighttime opening hours (enabled by gas lightin...