Emirates airline has signed a contract worth $108 million with several international banks to finance the purchase of an A340-500 long-range Airbus. The new aircraft will be the fifth Airbus A340 in the Emirates fleet.
The aircraft will be used for the service of long-distance destinations, including the non-stop flights from Dubai to New York, which will be launched on June 1.
An Emirates official explained that the deal, which is arranged by three major international banks, is a proof of the confidence in which the company is held by international financial institutions.
The Emirates fleet will comprise over 130 aircraft by the year 2012. (menareport.com)
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