Friday, Nov 18, 2011
Gulf News
Dubai Emirates, which has a massive order backlog of 239 aircraft worth $92 billion (Dh337.6 billion) at list prices, is not worried about financing its huge orderbook, Shaikh Ahmad Bin Saeed Al Maktoum, President of Dubai Civil Aviation and Chairman and Chief Executive of Emirates airline and Group, said.
“Many banks are liquid enough. I don’t have an issue so far when it comes to financing aircraft,” he said, in an interview at the Dubai Airshow that concluded yesterday. “For Emirates, between now and August 2012, everything is sorted out. I have a good reserve within the company — of $4 billion. So I don’t see any problem [with financing].”
By Shweta Jain?Senior Reporter
Gulf News 2011. All rights reserved.
