Emirates, the world’s biggest airline by international passenger traffic, will “soon” announce $1 billion (Dh3.67 billion) in financing to pay for four Airbus A380s it ordered, Shaikh Ahmad Bin Saeed Al Maktoum, President of Dubai Civil Aviation and Chairman and chief executive of Emirates airline and Group, said in Dubai on Thursday.
Reuters reported on Wednesday that Emirates airline will lease aircraft from a financing firm which will issue certificates worth $587.5 million across two tranches, a prospectus showed on Thursday.
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