Emirates to gets its fifth A380
China Daily | Updated: 2009-12-11 08:02
DUBAI: Emirates airline said yesterday it plans to receive its fifth Airbus A380 "superjumbo" next week and another before year's end after lining up more than $1 billion in financing.
The funding deal comes as other Dubai state-run companies are under increasing scrutiny over their willingness to pay back more than $80 billion in debt. Emirates, the Mideast's biggest airline and the world's top buyer of the A380, is fully owned by the city-state.
Emirates President Tim Clark said the carrier remains financially secure despite concerns over the health of other Dubai state borrowers.
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