Dubai: Emirates NBD has signed a US$350 million aircraft financing deal with Emirates Airline. The facility supports the airline in the delivery of two Boeing 777-200LRF (Long Range Freighter) aircraft, further supporting Emirates SkyCargo's fleet expansion and growth strategy and reinforcing Dubai and the UAE's position as a centre for global trade and logistics.
According to Emirates News Agency, this transaction marks Emirates NBD's first dedicated freighter mortgage-style financing partnership with Emirates, secured after a competitive process, and builds on the long-standing partnership between both organisations.
For Emirates, this deal represents the first time it uses a direct, mortgage-style aircraft financing structure without a traditional offshore Special Purpose Company (SPC) setup, demonstrating the airline's strategic shift toward more streamlined financing approaches.
Ahmed Al Qassim, Group Head of Wholesale Banking, Emirates NBD, stated that the financing for Emirates Airline shows Emirates NBD's commitment to supporting the core sectors that drive the UAE's economic vision.
Michael Doersam, Chief Financial and Group Services Officer, Emirates Group, noted that Emirates has a strong financing track record and proven ability to access a wide range of funding avenues, with a commitment to developing innovative approaches to long-term financing strategies. This transaction with Emirates NBD represents their first financing secured against an aircraft with the bank.