January 5, 2010 / 10:14 AM / 8 years ago

Waha Capital closes $1.8 bln UAE army finance deal

ABU DHABI, Jan 5 (Reuters) - Abu Dhabi-listed Waha Capital WAHA.AD finalised a $1.8 billion financing deal for the United Arab Emirates Armed Forces to buy Airbus EAD.PA and Boeing (BA.N) military aircraft, the firm said on Tuesday.

The financing deal enables the military to buy three Airbus A-330-200 at a cost of $1.2 billion and six Boeing C-17 planes worth $634 million, it said in a statement.

Delivery of the planes will take place over the next three years, Waha said.

Reporting by Stanley Carvalho; writing by John irish; editing by Martin Dokoupil

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