Emirates seeks Ex-Im to finance 777s

Source: Flightglobal.com
This story is sourced from Flightglobal.com

Emirates is applying for US Export Import Bank support to cover its upcoming Boeing 777 deliveries, according to the export credit agency.

No other details were provided about the financing request.

Separately, last week the flag carrier of Dubai posted a 104% increase in its first half net profit to 1.7 billion dirham ($463 million).

Revenue and other operating income rose to 38.2 billion dirham - a 16% increase - while the group's cash position fell 13.6% to 15.2 billion dirham as of 30 September 2012