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Emirates asks for more aircraft

01 November 2001

Credit Agricole Indosuez is arranging the financing for Emirates airline's nineteenth A330-200 aircraft. The deal is worth $87 million and is being structured as a 12 year, Japanese operating lease.

The transaction will involve a combination of Japanese equity, together with commercial debt. The rest of the syndication group is made up of DGZ Dekabank-Deutsche, KfW, Lloyds Bank TSB, National bank of Dubai and Norddeutsche Landesbank Girozentrale. The margin on the deal is 75bp over Libor. ...


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