Emirates Airline has reportedly plans to tap the bond market in the near future as the carrier considers its fleet expansion with the delivery of more A380s and B777-300ERs (The National/Bloomberg, 01-Jun-2011). The carrier has already completed lending terms with three foreign banks, including Doric Asset Finance, Natixis and Jackson Square Aviation for the financing of 10 of the aircraft, including five A380s and five B777s scheduled for delivery by Jul-2011. Emirates has also completed an operating agreement with Dubai Aerospace Enterprise (DAE) to lease seven new Boeing freighters, including two B747-800Fs and five B777s. "With the obligations we have coming up, it's nice to have the cash buffer to deal with anything ahead of us," President Tim Clark noted.
Emirates to tap bond market in near future: reports
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flydubai outlook improves, with reduced losses and faster rebound despite global uncertainty
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flydubai's 1H2016 loss narrowed to USD24.5 million from 1H2015's USD40 million, despite a 14.9% increase in flights. Losses per passenger decreased about nine percentage points faster. Unlike its bigger sister Emirates, also owned by the Dubai government but run separately, flydubai is primarily a point-to-point operator - so it depends on the health of Dubai.