By Staff Reporter
Emirates NBD has finalized a US$350 million aircraft financing agreement with Emirates Airline to support the delivery of two Boeing 777-200LRF freighters, strengthening Emirates SkyCargo’s fleet expansion and Dubai’s standing as a global trade and logistics hub.
The deal marks Emirates NBD’s first dedicated freighter mortgage-style financing with Emirates, secured after a competitive process and building on the long-standing relationship between the two entities.
For Emirates, the financing represents a strategic shift. It is the first time the airline has used a direct mortgage-style structure without an offshore Special Purpose Company, signaling a move toward more streamlined funding models.
Ahmed Al Qassim, Group Head of Wholesale Banking at Emirates NBD, said the agreement reflects the bank’s commitment to supporting key sectors that drive the UAE’s economic vision. Michael Doersam, Emirates Group’s Chief Financial & Group Services Officer, highlighted the airline’s strong financing track record and said the transaction underscores Emirates’ focus on innovative long-term financing strategies.
News Source: Emirates News Agency
