Flydubai taps banks for $300 million loan: sources | Reuters

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.”