5-May-2011 10:46 AM

flydubai secures financing for all 2011 aircraft

flydubai has secured (04-May-2011) financing worth USD80 million, at list prices, with MC Aviation Partners (MCAP) for the remaining B737-800NG aircraft the airline is due to receive this year. The eight-year sale and leaseback agreement is for flydubai's 10th new B737-800NG aircraft, fitted with the new Boeing Sky Interior and the airline's new IFE system, to be delivered in 2011. The new aircraft will support flydubai's continued capacity and network growth and is due for delivery in Dec-2011. flydubai will issue an RFP for the airline's 2012 financing requirements in the near future. In a related move, flydubai has taken delivery of its 17th aircraft on schedule from Boeing. At the same time the airline has taken the decision to retire the two aircraft it received in May-2009. This move takes the percentage of the fleet fitted with the new IFE system to more than 50%. The next aircraft is due for delivery later this month, with the one after that due in Jun-2011. [more]

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