4-Jan-2011 11:54 AM

Emirates raises USD4.6bn in financing for widebody aircraft in 2009-2010

Emirates stated it raised USD4.62 billion in financing for 30 widebody aircraft delivered during 2009-2010 (The National, 02-Jan-2010). The carrier requires over USD28 billion to finance aircraft deliveries through 2017 nearly twice the amount it raised since 1996. Etihad, which plans to nearly triple its fleet within 10 years, will required USD13.3 billion from financial institutions for its financing needs.