Thursday 10 December 2009

Emirates raises $1.13 bn for A380 purchase

Emirates, the biggest customer for the A380 superjumbo, said it has raised $1.13 billion to pay for the purchase of six of these planes to be delivered until the end of next year amid speculation that its ability to borrow has been dented by Dubai’s debt troubles.

The Dubai-based airline had ordered 58 A380s from planemaker Airbus and already has five in operation.

Two of the remaining 53 are being delivered this month and four will be received next year, Emirates said in statement.

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