Emirates Airline has mandated Citi forthe financing of two additional Airbus A380-800s. The bank is the sole arrnager of a 12-year European Export Credit Agencies facility with Emirates providing the equity.
Both aircraft, MSNs 56 & 57 are scheduled for delivery in October and November 2010.
Emirates is scheduled to receive an A380-800 (MSN 42) later this month. Financing has been awarded to Credit Agricole Corporate & Investment Banking and Goldman Sachs, which will provide a similar financing.
Emirates mandated Citi in 2009 for three A380s. That transaction was successfully completed with the third delivery in June 2010.
The Dubai-based carrier has no A380 deliveries scheduled until May 2011.
Source: Commercial Aviation Online
