State aid 'not needed' for Emirates bond payments

10 December 2009

Tim Clark, president of Emirates Airline has said that government help is not needed to repay $1.7bn of outstanding debt, Meed has reported. Dubai's flagship carrier has 10 loans and bonds worth a total of $1.7bn which are due to mature by 2013, according to Standard and Poor's. Dubai's carrier currently has 151 planes on order, worth $50bn.

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