Emirates airline signs a USD 261 mn financing deal
Published on Thu, Jul 06, 2006 at 15:31 | Source : reuters
Updated at Thu, Jul 06, 2006 at 18:22
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Emirates airline signs a USD 261 mn financing deal
Dubai's Emirates airline said on Thursday it had signed a USD 261 million financing agreement with the US Export-Import Bank for two Boeing 777-300ER aircraft, reports Reuters.
Dubai's Emirates airline said on Thursday it had signed a USD 261 million financing agreement with the US Export-Import Bank for two Boeing 777-300ER aircraft, reports Reuters.
The deal, arranged by Citigroup, is a 12-year supported loan with commercial funding and carries a weighted average cost of funds of 0.66% over three-month LIBOR, London Interbank Offered Rate, Emirates said in a statement.
The two planes are scheduled for delivery in August and October. Emirates said its fleet consists of 94 wide-bodied aircraft from Boeing and Airbus.
