FlyDubai gets $160 M for 2 jets

November 18, 2009, 3:23pm

DUBAI, Nov. 18 (Reuters) – United Arab Emirates low-cost carrier FlyDubai said it had secured $160-million financing for two aircraft it received in May.

The financing for the two Boeing 737s includes an $80-million sale and lease back agreement with Macquarie Air Financing and an $80-million ijara agreement with Dubai Islamic Bank .

The budget carrier said the latest financing ensures that all six aircraft FlyDubai will have this year are permanently financed.