Flydubai, Dubai's first low cost airline, has announced aircraft financing worth more than $750m in deals with GECAS (General Electric Capital Aviation Services) and BBAM.
The financing will take care of the next nine aircraft Flydubai is due to receive and secures all the airline's financing requirements until June 2011.
"These deals are very significant for Flydubai because this committed money secures the next nine aircraft we are due to receive and mean all our financing requirements until June next year are taken care of,” said Ghaith Al Ghaith, CEO of Flydubai, in a statement.
Both deals are eight year term sale and leaseback agreements. The agreement with GECAS is for......
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