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 ...

Subscribe to Access this Entire Article

"Flydubai secures $172 million financing for two 737s " is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.