Emirates airline secures financing for aircraft purchase

Informed sources in the Emirates airline company revealed that the company signed a financing agreement worth 142.9 million euros to purchase the first two of 17 Airbus A330-200 airplanes to support the company's fleet.

The sources said that Emirates airline is considered the first company in Middle East to sign a financing agreement in the new euro. One of the planes has alreay been delivered, and it is expected that another will be delivered during current month.

The sources confirmed that the new financing agreement is supported by Emirates International Bank, Deutch Bank, the German corporation Herms and the French one Covas, as well as the British export department.