Thursday 19 April 2018

Emirates agrees to $425m loan for two A380 jets

Dubai, August 12, 2014

Dubai's Emirates Airline has agreed to a $425 million loan from a group of banks to fund the acquisition of two Airbus A380 superjumbos, one of the lenders said.

Abu Dhabi Islamic Bank (Adib), Commercial Bank of Dubai and Dubai Islamic Bank were joint bookrunners and lead arrangers for the sharia-compliant financing, Adib said in a statement.

Emirates used the loan to take delivery of its 50th superjumbo, the bank said.

The Dubai-based carrier is the world's largest operator of the A380 jets. In November, it announced plans to buy another 50 from the European plane-maker at the Dubai Air Show. - Reuters

Tags: Dubai | Emirates Airline | loan |

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