Emirates will receive the first of six new
Airbus A380s early next week, with a second arriving in late
December and the remaining four due for handover in 2010. These
six aircraft form part of the 53 Airbus A380 aircraft that
Emirates currently has on firm order.
for these six aircraft was arranged and funded under two separate
finance agreements. The first agreement, covering three A380
aircraft, has been undertaken with Citibank, backed by a guarantee
from the European Export Credit Agencies (ECAs). A second
financing agreement has been arranged through Doric Asset Finance
and covers the remaining three A380 aircraft.
Tim Clark, President
Emirates Airline said, “Emirates remains in a secure financial
position despite the global financial crisis. We have never
encountered difficulties in obtaining finance for our aircraft
acquisition programme, with both international and regional banks
comfortable with our financial stability.”
of the A380 aircraft early next week will bring Emirates’ A380
fleet to six with the aircraft due for deployment on the Seoul,
Korea route from 14 December. Later this month Emirates will
also receive its seventh A380, scheduled to service the Dubai –
Paris route three times per week from 29th December, becoming
daily from 17th January 2010.
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