VOL. XLIV

No 48

26-November-2001

UAE

Emirates Secures $87Mn Finance For Airbus Purchase

Emirates Airlines announced on 12November that it had signed an $87mn financing agreement with a consortium of banksfor the purchase of the 19th Airbus A330-200 aircraft of the 27 onorder. The 12-year leasing facility was lead-arranged by Credit AgricoleIndosuez and financed using a combination of Japanese equity and commercialdebt. Five other banks also participated in the transaction: National Bank ofDubai,...