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Manufacturing Industry

Funds for Boeing deliveries raised by Emirates

Airline Industry Information,  Feb 21, 2008  

AIRLINE INDUSTRY INFORMATION-(C)1997-2008 M2 COMMUNICATIONS LTD

Dubai based carrier Emirates has announced that it has raised funds of USD253m to finance two new Boeing 777 aircraft.

The airline said that the 12-year finance leases were underwritten by three financial institutions: HSH Nordbank AG, Mashreqbank.psc and Mizuho Corporate Bank Ltd.

Scheduled for delivery in January 2008, the two new aircraft are comprised of a Boeing 777-200LR and a Boeing 777-300ER. Both will be deployed on the airline's long-haul services.

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