Business | Aviation

Emirates gets $265m financing for new Boeing planes

Emirates, the Dubai-based international airline, has raised $265 million for the financing of two new Boeing 777300ER aircraft. The transaction involves long-term leases for a period of 12 years.

  • Staff Report
  • Published: 13:13 September 14, 2008
  • Gulf News

Dubai: Emirates, the Dubai-based international airline, has raised $265 million for the financing of two new Boeing 777-300ER aircraft.

The transaction involves long-term leases for a period of 12 years.

The first of the two aircraft was delivered in May 2008 and the second on August 28.

The delivery of the aircraft brings Emirates' passenger fleet to 111.

Today, the airline has 63 Boeing 777s in its modern fleet, and it is set to become the world's largest 777 operator with another 39 of these jets, worth $10.1 billion at list prices, on order.

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