Flydubai gets $228 million to finance six jets

Budget airline flydubai has secured a $228 million loan from regional and international banks to finance the purchase of six new Boeing jets, the carrier said in a statement on Wednesday.

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Published: Thu 7 Nov 2013, 10:51 AM

Last updated: Fri 3 Apr 2015, 5:29 AM

The financing is for two recently delivered Boeing 737-800 aircraft, one more scheduled for delivery by the end of the year and three scheduled to be delivered in the second half of 2014, flydubai said.

The loan is structured as a finance lease with quarterly loan repayments over a 10 to 12 year term.

Published: Thu 7 Nov 2013, 10:51 AM

Last updated: Fri 3 Apr 2015, 5:29 AM

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