flydubai receives first Ex-Im Bank financed aircraft

$117.5m financing deal with US-based bank

Dubai’s low-cost airline flydubai has taken delivery of the first of three Boeing 737-800NG aircraft financed through a $117.5 million loan agreement with the Export-Import Bank of the United States (Ex-Im Bank).
Its arrival takes flydubai’s fleet size to 26 aircraft in operation. The next two aircraft will arrive in November and December, meaning by the end of 2012, the airline will have 28 aircraft.
It  represents a first financing for Ex-Im Bank of Boeing aircraft to flydubai.

This year has also witnessed network expansion with the addition of six new routes to date (Bucharest, Sana’a, Basra, Najaf, Bishkek and Taif) and a further two to follow: Skopje, the capital of Macedonia is scheduled to launch on 18 October and Tabuk, Saudi Arabia on 7 November.

There has been a 41 per cent increase in the number of flights across the network between August 2011 and August of this year.
flydubai’s CEO, Ghaith Al Ghaith, said: “This agreement with Ex-Im Bank is further proof of flydubai’s continued achievements.”

flydubai operates from Terminal 2 on the north side of Dubai International Airport, which is currently the fourth largest in the world by passenger traffic.

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