Flydubai secures $172 million financing for two 737s

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Published: May 30, 2012

Flydubai (FZ) has signed an eight-year sale/leaseback agreement with Pembroke Group to secure $ 172 million in financing for two Boeing 737-800NGs, which are scheduled to enter the fleet in June and July. It follows the request for proposal (RFP) issued by FZ for its 2012 aircraft funding requirements (ATW Daily News, May 10, 2011).

The deal makes FZ the first United Arab Emirates (UAE) carrier to be approved under the new airworthiness requirements, known as Civil Aviation Requirements (CAR-M), by the UAE General Civil Aviation Authority. All UAE airlines must adhere to these regulations by June 30.

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