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Article: Airline Finance News - Africa / Middle East.
- Article from:
- AirGuide Business
- Article date:
- October 12, 2009
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10/11/2009
Emirates Airlines
Emirates Airlines, the Middle East's largest carrier, said Thursday it raised USD 413.7 million in an Export Import Bank of the United States, Ex-Im Bank, guaranteed bond to finance new Boeing Co planes. "This transaction is very important for the industry as it represents the first offering of its kind directly into the global public capital markets," said Brian Jeffery, Senior Vice President, Corporate Treasury at Emirates. The bond comes as Dubai's government, owner of Emirates, is struggling to ease concerns that it can service its debt pile that's estimated to exceed USD 80 billion. The debt is priced at a fixed rate ...