Dubai’s Emirates , the rapidly expanding Gulf Arab carrier, is looking at the more resilient Islamic finance market to fund aircraft deliveries as international banks back out of plane deals because of the euro zone debt crisis.
European lenders, especially French banks, which have been major financiers for Emirates’ aircraft deals with Airbus and Boeing , have become risk-averse because of the crisis, the airline’s president Tim Clark told Reuters. ……………………………………….Full Article: Source