Flydubai taps banks for $300 million loan: sources | Reuters:
State-owned Flydubai has approached banks for a $300 million syndicated loan, sources familiar with the matter said.
The debt facility is needed for aircraft pre-delivery payments, said the sources, who did not want to be named because the matter is private.
A flydubai spokeswoman said: “we are always looking at ways to further diversify our sources of funding and when we have a new announcement to make it will be made at the appropriate time.”
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