FlyerTalk Forums - View Single Post - Is the end of Airbus A380 near? How will EK deal with that?

Aug 2, 2016 | 4:51 am

#50

Redhat72

Join Date: Dec 2013

Posts: 367

Emirates Said to Be Raising as Much as $2.5 Billion for A380s

Emirates, the world’s biggest airline by international passenger traffic, is seeking to raise as much as $2.5 billion to fund the purchase of Airbus Group SE A380.

The Dubai government-owned carrier plans an 18-month bridge loan priced at about 135 basis points over the London Interbank Offered Rate. The bridge facility will later be converted to a 12-year loan to fund about 10 A380s, which will be delivered before the year end.

Emirates will take delivery of 21 A380s in the fiscal year through March 2017. Profit surged 50 percent in the financial year ended March 31 to 8.2 billion dirhams ($2.2 billion) as it carried more passengers and benefited from a decline in oil prices. The funding for the planes is for a combination of operating and financial leases

Source:
http://www.bloomberg.com/news/articl...lion-for-a380s

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