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
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.
More from Aviation
More from Business
Business Editor's choice
-
Saudi-Bahraini economic ties hit new high
Whilst press reports continue speculating on a possible new political structure defining ties between Saudi Arabia and Bahrain, facts on the ground confirm ever- stronger economic ties between the two neighbours
-
Cupid targets the Fed with early tweets
Declarations range from pure romance to cute overtures and racier fare
-
Do unemployment figures flatter to deceive?
Jobseekers and recruiters give out mixed signals ranging from optimism to downright despair even as official data show recovery
