Emirates NBD has committed $350 million to finance two Boeing 777-200LRF aircraft for Emirates Airline, according to bank and airline statements. The deal supports fleet expansion for Emirates SkyCargo.
This marks the first time Emirates Airline has used a direct, mortgage-style financing structure without an offshore special purpose company (SPC) setup. The agreement followed a competitive process and builds on the institutions’ existing partnership.
The facility expands Emirates NBD’s portfolio in aviation financing and aligns with its strategic support for the UAE’s economic diversification and trade infrastructure.
Ahmed Al Qassim, Emirates NBD’s Group Head of Wholesale Banking, said the deal demonstrates the bank’s commitment to key sectors in the UAE’s economic agenda. Michael Doersam, Emirates Group CFO, noted the structure enhances the airline’s operational control over financing.
