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Reply To: Emirates Air borrows $1.13 billion for fleet expansion

Home Forums Commercial Aviation Emirates Air borrows $1.13 billion for fleet expansion Reply To: Emirates Air borrows $1.13 billion for fleet expansion

#502983
rdc1000
Participant

So is it fair to assume from this news that the “real” flyaway price on the A380 for Emirates is $183 million? (1.13B/6=183M)

Well not necessarily. Take the first three aircraft of this order, they are being financed by Citibank, but guaranteed by the European Export Credit Agencies. The latter will normally only guarantee loans of upto 75% of the value, so that then would value each a/c at $244m, although I suspect it’s somewhere between the two, although it depends what risk citibank are taking, if any.