Emirates secures $350m financing for new cargo jets

Emirates NBD has signed a US$350 million aircraft financing agreement with Emirates Airline to support the delivery of two Boeing 777-200LRF freighters. 

The facility will boost Emirates SkyCargo’s fleet expansion and reinforce Dubai and the UAE’s role as a global logistics hub.

This is Emirates NBD’s first direct freighter mortgage-style financing with the airline, secured after a competitive process. For Emirates, it also marks the first time using a mortgage-based structure without an offshore Special Purpose Company, reflecting a more streamlined financing approach.

Ahmed Al Qassim, Group Head of Wholesale Banking at Emirates NBD, said the deal demonstrates the bank’s commitment to supporting sectors driving the UAE’s economic vision. 

Michael Doersam, CFO of Emirates Group, added that the agreement highlights Emirates’ strategy to diversify financing sources with innovative structures.