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Planes. Dubai, € 1.6 billion to support Emirates

This liquidity injection was learned from a bond prospectus

Emirates, flagship airline of the Arab Emirate of Dubai, needed a breath of fresh air and certainly not for the typical climate of its reference country. In last few hours, local government decided to grant the carrier 7.3 billion dirhams (1.66 billion euros), an injection of liquidity that aims to overcome the corporate crisis. Coronavirus pandemic has significantly and negatively affected Emirates'...

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AVIONEWS - World Aeronautical Press Agency