Emirates Authorise Banks to Arrange Financing of A380s and Boeing 777-300ER
Sunday, 09 October 2011
Dubai government owned Arabic daily Al Bayan reported on 9th of October 2011, that Emirate Airlines was successful in executing a transaction in the value of 650 million US dollars to acquire 2 Airbus A380 and 2 Boeing 777-300ER delivery spans to March 2012.
Emirates Airlines authorised a banking group led by Deutsche Bank to manage the lease to purchase acquisition to cover a 12 year repayment period. The group includes National Bank of Abu Dhabi, Emirates NBD and other Asian and European banks.
In a separate mandate, Emirate Airlines authorized Emirates NBD, National Bank of Abu Dhabi, Crédit Agricole and Commonwealth Bank of Australia, to arrange a "commercial loan" to acquire an additional 2 Boeing 777-300ER
Source: Press Release (Jet Aviation)
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