EMIRATES SEEKS $1BILLION REVOLVER

Dino D'Amore
By Dino D'Amore January 11, 2011 20:21

EMIRATES SEEKS $1BILLION REVOLVER

Emirates is seeking terms from a number of banks for a $1 billion revolving credit facility to fund aircraft purchases, reports Bloomberg.

Despite the size of the revolver, banks are reported to be in the final stages of negotiating the terms of the facility with Emirates.

Emirates needs to finance 120 A380s in the coming months and is exploring a number of options for that without raising bonds, which chairman Sheikh Ahmed bin Saeed al Maktoum said in November he has no plans to do.

Dino D'Amore
By Dino D'Amore January 11, 2011 20:21
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