VOL. XXXIX

No. 56

21-October-1996

UAE

Emirates Announces Financing For Third Boeing 777

Emirates, the airline wholly owned by the Government of Dubai, has announced the financing arrangements for the purchase of a third Boeing 777. The financing was led by Deutsche Morgan Grenfell and Emirates Bank International. The loan, worth $126mn over 12 years, is split between a Japanese leveraged lease element and a portion supported by the UK's Export Credit Guarantee Department. Mr. Dermot...