Emirates Airlines Flight Status: Virus Hit Forces Loan Requests - Bloomberg:
Emirates is in talks to raise billions of dollars in loans, on top of Dubai’s state bailout for the world’s largest long-haul airline carrier, as the coronavirus pandemic grounds flights.
The carrier is reaching out to local and international banks about the funding that will be in addition to the undisclosed amount of financial aid from the government, according to people with knowledge of the matter, who asked not to be identified because the information is private.
One of the options being discussed are bilateral loans, which are cheaper, can be agreed quickly and done in smaller tranches compared with syndicated facilities, the people said. No final decisions about the borrowing have been made, they said.
A spokesperson for Dubai-owned Emirates declined to comment.
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