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Emirates wins awards for financing solutions
DUBAI — Emirates airline has once again been recognised for its innovation and unparalleled ability to maintain economic efficiency in adverse global market conditions, winning three awards at the prestigious Airfinance Awards.
The airline’s Corporate Treasury department was given the “Treasury team of the year” award by Euromoney’s Airfinance Journal, for its ability to source funding for 19 wide-bodied aircraft, in a year tainted by global and regional critical liquidity levels, as well as for exceptional performance in cash and risk management.
Emirates also won the “overall deal of the year” award for being the first airline to issue a new capital markets product: the Ex-Im bond, which took considerable research and development alongside arrangers Calyon and Goldman Sachs, as well as US Ex-Im Bank.
The third award was for the “Middle East deal of the year” for a German Lease financing arranged by Doric Asset Finance.
New Senior VP
Meanwhile, Shaikh Majid Al Mualla, who started with the company in 1996, has been promoted to Senior Vice-President for West Asia and Indian Ocean after an impressive 12 months as Vice-President.
During this period Emirates expanded its services throughout the region — increasing flights into Mauritius, Seychelles and Sri Lanka, as well as stepping up frequencies across its 10 destinations in India to 184 per week — and this appointment is further testament to the airline’s ongoing focus on the growth of its network.
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