Loading
10-Mar-2011 1:25 PM

Emirates cancels plans for bond issue following North Africa unrest

Emirates CEO Tim Clark stated the carrier has cancelled plans for a bond to finance expansion after the uprisings in North Africa made rates more expensive (Reuters, 09-Mar-2011). "We tested the water and it was pretty muddy. So, we've parked it," Mr Clark stated.  The carrier had mandated banks for a bond issue. Mr Clark stated the carrier has no problems financing its expansion, however, and that "cash flows had been mapped".

Want More News Like This?

CAPA Membership gives you access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find Out More