Emirates can settle US$550m debt next month - Jeffery

Airline has ‘good’ cash flows and is able to repay its US$550m of Islamic bonds due in June.

Airline has ‘good’ cash flows and is able to repay its US$550m of Islamic bonds due in June.

Emirates, the biggest airline by international traffic, has ‘good’ cash flows and is able to repay its US$550m of Islamic bonds due in June, Senior Vice President of Corporate Treasury Brian Jeffery said.

The airline has not decided whether it will repay or refinance the debt, Jeffery told reporters in Dubai today. The price differential of issuing sukuk as opposed to non-Islamic debt would need to be “significant” to issue the Shariah-compliant securities, he said.

Related:
Companies
Join the Discussion

Disclaimer:The view expressed here by our readers are not necessarily shared by Arabian Business, its employees, sponsors or its advertisers.

Please post responsibly. Commenter Rules

  • No comments yet, be the first!

All comments are subject to approval before appearing

Further reading

Features & Analysis
Could the GCC have a free zone-free future?

Could the GCC have a free zone-free future?

Free zones, particularly attached to major ports, have become...

Aviation chiefs call for aircraft tracking upgrade

Aviation chiefs call for aircraft tracking upgrade

The aviation industry has failed to make adequate progress on...

Boeing mulls larger engine for biggest 737 MAX

Boeing mulls larger engine for biggest 737 MAX

Aircraft manufacturer looking at pair of mid-market jets with...

Most Popular
Most Discussed
sponsoredTracking