The deal has a value of $3.3 billion at list price.
Emirates’ bottom line was hit by runway upgrades in the first six months of the 2014, resulting in modest growth of eight per cent.
Emirates and Qatar Airways have signed financing facilities with banks to purchase new planes.
Credit Agricole, Dubai Islamic Bank, Emirates NBD, HSBC, National Bank of Abu Dhabi, Noor Bank and Standard Chartered are the arrangers for the sukuk sale.
The airline faced a three-month delay in the delivery of A380 superjumbo jets.
The A350, Airbus’s newest plane and made with a carbon-fiber composite fuselage, is a direct competitor to Boeing’s 787 Dreamliner.
Top-end passengers can be driven to the aircraft in a Mercedes Benz limousine
Pricing guidance for the five-year sukuk is in the area of 225 basis points over midswaps, a document showed.
The aviation sector supported a total of 416,500 jobs and accounted for 21 per cent of the emirate’s total employment in 2013, a new report said.
The airline currently operates five times a week to Edinburgh and is the first to offer a direct air link between the Scottish city and the Middle East.
Abu Dhabi carrier launches fifth US route and now serves two key Californian cities directly
Dubai airline launches mobile app on iOS first while work is underway on an Android version
To secure approval Etihad and Alitalia agreed to give up airport slots on the Rome-Belgrade route as Alitalia and Air Serbia, are the only carriers offering direct flights on that route.
Clark said Emirates had cancelled the order after Airbus changed the plane’s specifications but it would look closely at how the aircraft performs once it starts flying.
The unlisted airline, which started operations in June 2009, made a net profit of $14 million in the first half of this year.
Emirates will restart two weekly passenger flights from November 16 and increase the frequency to four times a week from December 4, it said in a statement.
The firm made a profit of KD13.04 million ($44.8 million) in the third quarter of 2014.
The sources said the EU antitrust authority had accepted the airlines’ offer to give up some airport slots on the Rome-Belgrade route to facilitate rivals.
High passenger loads shield airline from external factors but group profit impacted by dnata
The firm, also called flydubai, has picked seven banks as arrangers, a document from lead managers showed.
The airline said it made a net profit of Dhs247.4 million ($74.71 million) for the period ended Sept 30, up from Dhs202.7 million a year-ago.
The first phase of the Dubai tram, opening today, will stretch 10.6 kilometres and include 11 stations.
Both operators’ premium travellers will now be able to enjoy mutual benefits, earning points and rewards.
The tram will operate from 6.30 am to 1.30 am from Saturday to Thursday and from 9.00am to 1.30 am on Fridays.
Third A380 service provides more choice for passengers connecting later in Dubai, and flying onwards in America
A total of 38 pilots are expected to commence work at Etihad Airways by the end of this year with the remaining two joining in the first two months of 2015, the airline said.
Boeing’s future narrow body craft is likely to be composite and could be slightly bigger, the CEO revealed.
Airline boss admits failings of 787 programme.
Regional airlines recorded a passenger demand growth of 15.8 per cent in September 2014, compared to a year ago, said IATA.
CEO Wolfgang Prock-Schauer will be replaced by Stefan Pichler on February 1, 2015.