Emirates has signed a Dh325 million financing agreement for the 16th of 21 Airbus A330-200 aircraft on firm order. The aircraft is scheduled to arrive in Dubai on March 30. It is powered by Rolls-Royce Trent engines.
The financing is structured as a 12-year finance lease and was arranged by the UK's Export Credit Guarantee Department (ECGD), Germany's Hermes and France's Coface. Other financial institutions involved are Kreditanstalt fuer Wiederaufbau, Norddeutsche Landesbank Girozentrale and DGZ.DekaBank-Deutsche Kommunalbank.
While the export credit debt part is financed at a fixed rate of 5.94 per cent, the mismatch loan is financed at a floating margin of 70 basis points over dollar Libor. Emirates has ordered seven B777-300s and six long-range A340-500 aircraft in addition to the 21 A330-200 aircraft. Emirates has options on another three A330-200s and ten A340-500 aircraft.
Emirates signs financing for 16th Airbus 330-200
Emirates has signed a Dh325 million financing agreement for the 16th of 21 Airbus A330-200 aircraft on firm order. The aircraft is scheduled to arrive in Dubai on March 30. It is powered by Rolls-Royce Trent engines.
