08.02.2012 - Emirates airline taps UAE Islamic banks for funding
Arabic newspaper Al Bayan reported that the airline has asked Dubai Islamic Bank, Ajman Bank and Al Hilal Bank to arrange the financing deal for a Boeing 777-300 and an Airbus A380 superjumbo. The paper cited banking sources who did not wish to be named, and Emirates has so far been unavailable for comment. The facility will be a 12-year loan and the banks started the preparation of loan transfers in January, according to the paper...............................................Full Article: Source
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