Wednesday 20 June 2012

Dubai's Emirates eyes new aircraft lease deal | Reuters

Dubai's Emirates airline EMIRA.UL, the largest customer of Airbus' A380 superjumbo, plans to lease aircraft under an arrangement with a financing firm which intends to issue bond-type certificates to fund delivery of the planes.

Doric Nimrod Air Finance Alpha (DNA2_p.L) is eyeing a possible issue of dollar-denominated Enhanced Equipment Trust Certificates (EETCs) to finance aircraft to be leased to Emirates.

Goldman Sachs Inc (GS.N) has been mandated by DNA2 to arrange investor meetings ahead of the potential issuance starting in London on June 22 before moving to the United States, according to an announcement from the bank on Tuesday.

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