Funding for two charging aircraft between "Emirates NBD" And Emirates Airlines worth $ 350 million
Dubai, September 4/ WAM/ Emirates NBD signed a two -dollar financing agreement with $ 350 million with Emirates Airlines.
According to a press release issued today, this financing facilitation supports the carrier of two long-term Boeing 777-200LRF charging planes, and supports the “Emirates Air Shipping” strategy aimed at expanding its fleet and growth, and enhances the position of Dubai and the United Arab Emirates as a center for trade and global logistical services.
This deal is the first financing partnership dedicated to charging aircraft in a mortgage style between Emirates NBD and Emirates Airlines, which was secured after a competitive process, and comes as an extension of the long -term partnership that exists between the two institutions.
As for the Emirates Airlines, this deal is the first time that a direct financing structure of aircraft is used in a mortgage -like manner, without the need to create a traditional foreign company with a special purpose, which shows the strategic shift of the carrier towards adopting more flexible and streamlined financing methods.
On this occasion, Ahmed Al -Qasim, head of banking services for Emirates NBD Group, said that this important funding for Emirates Airlines reflects the continuous commitment of Emirates NBD to support the pivotal sectors that contribute to achieving the economic vision of the UAE.
For his part, Michael Dormsam, head of finance and the group’s services in the Emirates Group, said that Emirates Airlines has a strong financing record and the ability to reach a wide range of financing sources, stressing the keenness to develop innovative methods of its long -term financing strategy, pointing out that this important deal with Emirates NBD is the first financing for Emirates Airlines to guarantee a plane with the bank.
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