UAE's FlyDubai gets GE financing for 4 planes

DUBAI, July 1 (Reuters) - Low-budget carrier FlyDubai said on Wednesday it had secured $320 million financing with General Electric (GE.N) for four Boeing 737 aircraft to be delivered this year.

The sale and lease back agreement with GE's Capital Aviation Services unit covers two aircraft due for delivery in July, one in October and one in December, a statement said.

FlyDubai, which currently has only two aircraft, said this was the first financing it had secured from outside the United Arab Emirates. FlyDubai will expand from 4 to 14 destinations with the purchases.

The Dubai government-owned airline ordered 54 Boeing single-aisle 737 aircraft in a deal worth around $4 billion in November.

(Reporting by Nicolas Parasie; editing by John Stonestreet)