VOL. XLIII

No. 12

20-March-2000

UAE

Emirates Completes First Phase Financing For New Widebody Fleet

By the end of this month, Emirates will have successfully raised $1.8bn in financing for its 18-aircraft strong B777/A330 fleet. Speaking at a recent conference in Dubai, the airlines Corporate Treasurer, Riyaz Peermohamed, said that future finance will balance funding requirements from Export Credit Agencies and commercial financing support. According to Mr Peermohamed, the airline will continue...