Flydubai Seeks Financing to Purchase Three Boeing 737-800 Planes

Flydubai, Dubai’s low cost carrier, is seeking to finance three Boeing 737-800 planes due for delivery in the fourth-quarter of this year.

Financing the purchase through the U.S. Export-Import Bank is one of the options, the carrier said in an e-mailed statement today. The planes are worth $253.2 million at list prices.

“While we have traditionally sought sale and leaseback options, as we develop and mature we are seeking to diversify our options and as a result have received a number of favorable responses,” the company said. “We are currently assessing these offers and will announce contract signings in due course.”

To contact the reporter on this story: Tamara Walid in Abu Dhabi at twalid@bloomberg.net

To contact the editor responsible for this story: Chad Thomas at cthomas16@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.