Emirates, the fast expanding Gulf airline, may seek to refinance a $550 million Islamic bond maturing in June but has not ruled out repayment in cash, a senior executive said on Tuesday.
"We are currently considering whether to refinance, and by what product. Cash flow is good and we have the ability to repay if we decide," Brian Jeffery, senior vice president, corporate treasury told reporters in Dubai.
Emirates' cash balance stood at 15.6 billion dirhams ($4.25 billion) as of March 31, 2012.
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