20100809 Fly Dubai YR001 3357 737-800 Sky Interiors. flydubai’s 10th B737-800NG, which was delivered by Boeing in Seattle, US, yesterday. This aircraft is the first to be fitted with the new Boeing Sky Interior, which has been developed with the aims of improving passenger comfort, reducing emissions and maximizing cost effectiveness. flydubai is the first airline in the world to receive a new Boeing Sky Interior 737-800NG. This aircraft will now be fitted with flydubai’s revolutionary new In-Flight Entertainment system before it arrives in Dubai in early November. The airline will receive another three Boeing Sky Interior 737-800NG aircraft before the end of December. The new interior has mood lighting to simulate night time, day time and sunrise/sunset, as well as redesigned overhead bins to give more cabin space and increased storage. Jim Anderson/ Boeing Photograph
20100809 Fly Dubai YR001 3357 737-800 Sky Interiors. flydubai’s 10th B737-800NG, which was delivered by Boeing in Seattle, US, yesterday. This aircraft is the first to be fitted with the new Boeing Sky Interior, which has been developed with the aims of improving passenger comfort, reducing emissions and maximizing cost effectiveness. flydubai is the first airline in the world to receive a new Boeing Sky Interior 737-800NG. This aircraft will now be fitted with flydubai’s revolutionary new In-Flight Entertainment system before it arrives in Dubai in early November. The airline will receive another three Boeing Sky Interior 737-800NG aircraft before the end of December. The new interior has mood lighting to simulate night time, day time and sunrise/sunset, as well as redesigned overhead bins to give more cabin space and increased storage. Jim Anderson/ Boeing Photograph
20100809 Fly Dubai YR001 3357 737-800 Sky Interiors. flydubai’s 10th B737-800NG, which was delivered by Boeing in Seattle, US, yesterday. This aircraft is the first to be fitted with the new Boeing Sky Interior, which has been developed with the aims of improving passenger comfort, reducing emissions and maximizing cost effectiveness. flydubai is the first airline in the world to receive a new Boeing Sky Interior 737-800NG. This aircraft will now be fitted with flydubai’s revolutionary new In-Flight Entertainment system before it arrives in Dubai in early November. The airline will receive another three Boeing Sky Interior 737-800NG aircraft before the end of December. The new interior has mood lighting to simulate night time, day time and sunrise/sunset, as well as redesigned overhead bins to give more cabin space and increased storage. Jim Anderson/ Boeing Photograph
20100809 Fly Dubai YR001 3357 737-800 Sky Interiors. flydubai’s 10th B737-800NG, which was delivered by Boeing in Seattle, US, yesterday. This aircraft is the first to be fitted with the new Boeing Sk

Business

Flydubai seals $320m finance deal

Flydubai has signed a $320 million aircraft financing deal with Avolon, a Dublin-based aircraft leasing firm, for four Boeing 737-800 aircraft.

Ivan Gale

November 03, 2010

  • English
  • Arabic

A US$320 million (Dh1.17bn) aircraft financing deal has been sealed by flydubai from Avolon, a Dublin-based aircraft leasing firm, the carrier said today.

The four Boeing 737-800 aircraft, part of an order for 50 Boeing planes flydubai made in 2008, will be financed in a sale-and-leaseback arrangement.

The deal brings the value of the Dubai-based budget airline's financing to more than $1bn and puts it on course for continued expansion, after opening two dozen routes in its first 16 months of service.

This is a further indication that the international financing community views flydubai and Dubai itself as a good investment," said Ghaith al Ghaith, the chief executive of flydubai.

The arrangement with Avolon, an upstart leasing firm created in May, completes a string of financing deals that secures the Dubai-based budget airline's financing requirements until December next year. It follows recently announced deals with GECAS and BBAM to finance nine aircraft. Flydubai currently operates a fleet of nine B737-800 aircraft operating to 24 destinations.

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