Budget carrier flydubai says in talks for loan

State-owned airline in discussions with banks for financing facility to fund 'future infrastructure requirements'
Budget carrier flydubai says in talks for loan
By Reuters
Tue 10 Jan 2017 07:05 PM

State-owned budget carrier flydubai said on Tuesday it is in talks with banks for a club financing facility to fund future "infrastructure requirements".

Lenders Emirates NBD, Noor Bank and Union National Bank are involved in the preliminary discussions, the Dubai-based carrier said in an emailed statement to Reuters.

A flydubai spokesperson declined to provide further details on the loan.

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