Shaikh Ahmed, who is also President of the Dubai Civil Aviation Authority, Chairman of Emirates airline and Chief Executive of the Emirates Group, also indicated that the agreement is expected to be signed during this year’s Dubai Air Show, which will be held for the first time at Dubai World Central’s Al Maktoum International Airport from November 17-21.
In 2011, Emirates wrote its name in Boeing’s 95-year history when it placed the single largest commercial aircraft order of 50 Boeing 777-300ER aircraft, plus options for an additional 20, with a value of $26 billion on the first day of the biannual Dubai Air Show.
It looks 100 per cent confirmed that the order will be signed at the Dubai Air Show because it is home territory and also because the show will be at a new venue, according to a senior aviation analyst.
Talking about financing options for the new aircraft order, Shaikh Ahmed said the airline will use its own cash, export-import bank facilities and lease-back options to finance new aircraft. The budget carrier said it has raised $1.2 billion in competitive financing to fund aircraft acquisition to date.
Read more: http://www.khaleejtimes.com/biz/inside.asp?xfile=/data/uaebusiness/2013/February/uaebusiness_February331.xml§ion=uaebusiness
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