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FINANCIAL NEWS
Emirates Airline will repay two bonds at USD 1.1bn
09 Jun 2016
(MENAFN) Emirates Airline proclaimed that it will refund two bonds in full this month, amounting to a total of USD 1.1bn.
Furthermore, the USD 1bn bond was raised in 2011 to address Emirates’ working capital needs, while it will also repay a bond totaling USD 111mn.
Additionally, in 2015-16, Emirates raised a USD 7.3bn for aircraft financing, while it has already received offers to finance deliveries for the recent 2016-17 fiscal year.
Emirates closed the 2015-16 financial years with a USD 3.8bn cash flow from operating activities.
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