Emirates flies in for unsecured revolver

Emirates, Dubai’s state owned airline, is in talks with up to six banks for a $1bn revolving credit facility, according to a loans banker familiar with the borrower.

  • 11 Jan 2011

Unsecured corporate borrowing facilities for airlines are unusual with collateral in the form of aircraft usually required by lenders.

“An airline’s assets are all aircraft,” said a Middle East loans banker. “You’re lending to a company that has very little in terms of collateral. If you go back ...

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4 Citi 467 1 10.94
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