Market for Islamic aircraft-loans doubles
Dubai
THE market for Islamic aircraft loans may have just doubled in size.
Not content with issuing two of the largest sukuk on record to fund its aviation ambitions, Saudi Arabia - via its state-owned carrier - last week placed orders for 50 planes from Airbus Group. The deal has a list price of US$7.7 billion compared to about US$5.8 billion raised globally since 2006 through Syariah-compliant aviation loans. Airbus is selling the aircraft to the Aircraft Leasing Islamic Fund, which will lease them to Saudia.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Transport & Logistics
Brokers’ take: SAC Research initiates ‘buy’ on Soilbuild with S$0.04 target
Scoot begins flights with Embraer E190-E2 jet
VinFast’s EV ambitions get a reality check as shares plunge 65%
Boeing probed in US over possible falsified records on 787
Tesla lays off more staff in software, service teams, Electrek reports
GLP says 2025 bond repayment sources identified