Dubai – Mubasher: Emirates NBD has signed a $350 million aircraft financing deal with Emirates Airlines to support the delivery of two Boeing 777-200LRF aircrafts, according to a press release.
The financing backs Emirates SkyCargo’s fleet expansion and growth strategy, boosting the UAE’s position as a center for global trade and logistics.
This transaction marks Emirates NBD’s first dedicated freighter mortgage-style financing partnership with the airline, reflecting its strategy to back critical infrastructure development in the UAE.
It also deepens its partnership with Emirates, strengthening trade flows across Asia, Europe, Africa and the Americas through Dubai’s strategic air corridor.
As for Emirates, this deal represents the first time it uses a direct, mortgage-style aircraft financing structure without a traditional offshore Special Purpose Company (SPC) setup.
Michael Doersam, Chief Financial and Group Services Officer at Emirates, said: “This milestone transaction with Emirates NBD represents our first financing secured against an aircraft with the bank, building on our established relationship and demonstrating confidence in our solid financial performance and profitable business model.”
“This streamlined, cost-efficient solution provides greater operational control throughout the financing term, and our partnership with Emirates NBD establishes a precedent for future collaborations while demonstrating how bespoke financing solutions can effectively support our fleet expansion,” Doersam added.
He noted: It also supports D33’s vision by strengthening and scaling up the airline's capacity and connectivity to further optimize trade flows, consolidating Dubai’s competitive advantage on the world stage."
In the first half (H1) of 2025, Emirates NBD posted 12% year-on-year (YoY) higher net profits at AED 23.90 billion, driven by strong loan growth, regional expansion, and innovative product offerings.
