Sunday April 5, 2020

Emirates to raise $5bn to pay for planes

Emirates, the world’s biggest airline by international passenger traffic, said it needs about $5 billion in the year starting April to pay for planes.

20th March, 2013
Emirates had 223 planes on order at the end of March 2012.

Emirates, the world’s biggest airline by international passenger traffic, said it needs about $5 billion in the year starting April to pay for planes.

The money will be raised from “a mixture of all the sources we have considered in the past, so commercial bank, operating leases, some export credits,” Brian Jeffery, senior vice president for corporate treasury, said in Dubai today as the carrier’s Islamic bonds began trading on the Nasdaq Dubai....

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