Emirates NBD has signed a $350 million aircraft financing deal with Emirates Airline, supporting the delivery of two Boeing 777-200LRF (Long Range Freighter) aircraft for the airline.

 

This transaction marks Emirates NBD’s first dedicated freighter mortgage style financing partnership with Emirates, secured after a competitive process, and builds on the long-standing partnership between both organisations, said a Wam news agency report.

 

For Emirates, this deal represents the first time it uses a direct, mortgage-style aircraft financing structure without a traditional offshore Special Purpose Company (SPC) setup, demonstrating the airline's strategic shift toward more streamlined financing approaches.

 

Ahmed Al Qassim, Group Head of Wholesale Banking, Emirates NBD, said: “This landmark financing for Emirates Airline demonstrates Emirates NBD's continued commitment to supporting the core sectors that drive the UAE's economic vision.”

 

Michael Doersam, Chief Financial & Group Services Officer, Emirates Group, said: “Emirates has a robust financing track record and proven ability to access a wide range of funding avenues, and we are committed to developing innovative approaches to our long-term financing strategy. This milestone transaction with Emirates NBD represents our first financing secured against an aircraft with the bank." - TradeArabia News Service