Home News flydubai, StanChart ink SLB deal for five Boeing aircraft

flydubai, StanChart ink SLB deal for five Boeing aircraft

by Dubai Forum
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DUBAI / Gulf Time

Dubai-based carrier flydubai and Standard Chartered, have successfully signed the sale and leaseback (SLB) agreement for five new Boeing 737 Max aircrafts. Four aircrafts were delivered between March and May with the remaining aircraft scheduled to arrive from Boeing, before the end of the first half of the year. The deal was structured, financed and arranged exclusively by Standard Chartered.
The transaction will support the future growth of the airline’s fleet, and highlights the strong and long-standing relationship between flydubai and Standard Chartered.
Commenting on the transaction, Ghaith Al Ghaith, CEO of flydubai, said: “We are pleased to have received Standard Chartered’s support on this transaction which builds on previous aircraft financing and leasing agreements. We continue to diversify our sources of funding and attract reliable partners in support of our future growth plans. We look forward to working with Standard Chartered again in the future.”
Rola Abu Manneh, Chief Executive Officer, Standard Chartered UAE, added: “Standard Chartered has had a long-standing relationship with flydubai and the Investment Corporation of Dubai across multiple businesses.”
This transaction demonstrates the bank’s continued commitment to the airline and the government of Dubai’s vision for the wide spectrum of sectors that support Dubai’s dynamic economy.”

DF

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