UAE budget carrier Flydubai has secured a $172m aircraft financing facility with Pembroke, a wholly owned subsidiary of UK’s Standard Chartered Bank.

Flydubai will use the money to finance two Boeing 737-800NG aircraft on an eight-year sale and leaseback agreement. It follows the request for proposal (RFP) issued by the airline for its 2012 aircraft funding requirements.

The two new planes will enter the fleet in June and July to help support Flydubai’s network growth across the Middle East and North Africa (Mena) region, Indian subcontinent, Asia and Europe.

“The enthusiastic response to our RFP, which was over-subscribed is a positive start to our fourth year of operations,” says Ghaith al-Ghaith, chief executive officer of Flydubai.

Flydubai is the second-largest carrier operating from Dubai International airport.