Emirates to issue $1bn sukuk in H1-18

Emirates to issue $1bn sukuk in H1-18
This issuance aims to diversify the firm's funding sources

Dubai – Mubasher: Dubai-based Emirates is holding discussions with banks to issue sukuk that may reach $1 billion during the first half of 2018.

This issuance aims to diversify funding sources of the world’s largest airline by international passengers, Bloomberg reported, citing informed sources as saying.

“Emirates always seeks diverse sources of funding, including bank finance, operating leases, Islamic financing, sukuk and bonds,’’ Emirates’ spokeswoman said.

“We are continually engaged in discussions with various financial institutions. We will not offer comment unless a deal is formally announced,’’ the spokeswoman added.

Given that Emirates and Etihad Airways are ranked among the top 20 safest airlines in the world the list of the best, according to Airlines Ratings.com. 

The Dubai government-owned carrier's fleet includes 259 aircrafts and its flights are going to more than 140 destinations in more than 80 countries.