Flydubai secures $750m in aircraft financing

23 September 2010

Flydubai has announced that it has secured aircraft financing worth more than $750m in deals with General Electric Capital Aviation Services (GECAS) and BBAM. Both deals are eight year term sale and leaseback agreements. The agreement with GECAS is for six aircraft, taking the total number of Flydubai aircraft GECAS finances to 10. BBAM are adding another three aircraft to make their total commitment six. The financing deal secures all the airline’s financing requirements until June 2011.

Flydubai has announced that it has secured aircraft financing worth more than $750m in deals with General Electric Capital Aviation Services (G) and BBAM. Both deals are eight year term sale and leaseback agreements. The agreement with GECAS is for six aircraft, taking the total number of Flydubai aircraft GECAS finances to 10. BBAM are adding another three aircraft to make their total commitment six. The financing deal secures all the airline’s financing requirements until June 2011.

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