Emirates NBD has finalised a US$350 million aircraft financing agreement with Emirates Airline. The facility will fund the delivery of two Boeing 777-200LRF aircraft, reinforcing Emirates SkyCargo’s fleet expansion and supporting Dubai’s role as a global trade and logistics hub.
This transaction represents Emirates NBD’s first dedicated freighter mortgage-style financing with Emirates, secured through a competitive process. It builds on the long-standing collaboration between the two organisations while also showcasing a new approach to aircraft financing.
Innovative Financing Structure
For Emirates, this marks the first use of a direct mortgage-style aircraft financing structure without relying on an offshore Special Purpose Company. The strategy highlights a move toward more streamlined and efficient financing practices, aligning with the airline’s long-term financial outlook.
Ahmed Al Qassim, Group Head of Wholesale Banking, said, “This landmark financing for Emirates Airline demonstrates Emirates NBD’s continued commitment to supporting the core sectors that drive the UAE’s economic vision.”
Michael Doersam, Chief Financial & Group Services Officer, added, “Emirates has a robust financing track record and proven ability to access a wide range of funding avenues, and we are committed to developing innovative approaches to our long-term financing strategy. This milestone transaction with Emirates NBD represents our first financing secured against an aircraft with the bank.”
Reinforcing Market Confidence
The agreement not only strengthens Emirates’ cargo fleet but also underscores confidence in the UAE’s economic vision. By embracing innovative financing structures, the airline enhances operational flexibility while the bank deepens its support for aviation, a key driver of national growth.
