FGB finalises Dh1.1b finance lease funding for Emirates airline

Dubai: FGB said on Wednesday it has finalised an Dh1.1 billion finance lease funding package on behalf of Emirates airline for the acquisition of two Boeing aircraft.

The airline received the first delivery in September and recently welcomed the second aircraft.

“We’re keen to continue working with the airline in the future, to support its funding plans and continued growth,” said André Sayegh, CEO of FGB.

FGB led and executed the deal as obligor and facility agent, providing Dh918 million in funding for the transaction. The transaction marks the second lead mandate role awarded to the bank by Emirates in recent months.