Emirates agrees $425 mln loan for two A380 jets - bank
DUBAI Aug 12 (Reuters) - Dubai's Emirates Airline has agreed a $425 million loan from a group of banks to fund the acquisition of two Airbus A380 superjumbos, one of the lenders said on Tuesday.
Abu Dhabi Islamic Bank (ADIB), Commercial Bank of Dubai and Dubai Islamic Bank were joint bookrunners and lead arrangers for the sharia-compliant financing, ADIB said in a statement.
Emirates used the loan to take delivery of its 50th superjumbo, the bank said.
The Dubai-based carrier is the world's largest operator of the A380 jets. In November, it announced plans to buy another 50 from the European planemaker at the Dubai Air Show.
(Reporting by Praveen Menon; Editing by Erica Billingham)
- First Ebola case diagnosed in the United States: CDC |
- Advanced iOS virus targeting Hong Kong protestors -security firm
- Traveler from Liberia is first Ebola patient diagnosed in U.S. |
- Hong Kong democracy protesters and officials mark uneasy National Day |
- Mayor of Los Angeles suburb of Bell Gardens shot dead