AIRLINE SIGNS DEAL WORTH $80 MILLION WITH MCAP FOR 10TH AIRCRAFT THIS YEAR

Dubai’s first low cost airline, has secured financing worth USD $80 million, at list prices, with aircraft leasing company, 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 Boeing 737-800NG aircraft, fitted with the new Boeing Sky Interior and the airline’s revolutionary new in-flight entertainment system, to be delivered in 2011. The new aircraft will support FlyDubai’s continued capacity and network growth and is due for delivery in December. FlyDubai will issue an RFP for the airline’s 2012 financing requirements