Emirates airline announced yesterday that it has repaid a $500m bond in full on its maturity date March 24, 2011. According to a statement by the world’s third largest carrier, the bond, listed on the Luxembourg Stock Exchange, was originally issued in 2004 with a seven-year term. “The repayment of this bond is part of Emirates’ overall financing strategy and reflects its robust financial position,” said HH Sheikh Ahmed bin Saeed Al-Maktoum, chairman and chief executive, Emirates Airline and Group. “We have a well-documented expansion plan for the airline and will continue to use our normal diverse range of options available to finance that growth. We continue to invest our profits in growing the business and our healthy financial position enables us to successfully meet all of our financial commitments and raise financing for future aircraft deliveries”.
EMIRATES REPAYS $500 MILLION BOND ON SCHEDULE
