Flydubai secures loans for six jets

The timing of the finance agreement ties in with expectation that the Dubai carrier will announce an order deal at the Dubai Airshow which opens in 10 days.
Analyst Saj Ahmad said: “Flydubai's rapid growth has seen the carrier become a worthwhile investment vehicle for international banks. With the 737-800 having the highest residual values of any narrowbody jet on the market today, and as the exclusive sole LCC 737 operator in the GCC, Flydubai is doubly benefiting from this strength as its attractiveness dampens risk for lenders and opens up credit lines for the carrier.”
The airline is in talks with Boeing and Airbus for a 50-plane order, to add to its fleet of 32 Boeing 737-800 aircraft
Ahmad said: “It is likely that the 737MAX family will get the nod ahead of the rival A320neo, which incidentally may make its way into Sharjah-based Air Arabia, who are also looking to add to their fleet.”
Today’s financing is for two recently delivered 737-800 aircraft, one more scheduled for delivery by the end of the year and three scheduled to be delivered in the second half of 2014.  

Analyst Saj Ahmad commented: "flydubai's rapid growth has seen the carrier become a worthwhile investment vehicle for international banks. With the 737-800 having the highest residual values of any narrowbody jet on the market today, and as the exclusive sole LCC 737 operator in the GCC, flydubai is doubly benefiting from this strength as its attractiveness dampens risk for lenders and opens up credit lines for the carrier.'
 
He added" And with flydubai poised to announce a major order for new airplanes at the Dubai Air Show next week, it is likely that the 737MAX family will get the nod ahead of the rival A320neo, which incidentally may make its way into Sharjah-based Air Arabia, who are also looking to add to their fleet."