Dubai:Emirates, in collaboration with Dubai Islamic Bank (DIB) and Natixis Corporate and Investment Banking (Natixis CIB), has successfully completed a 12-year Shariah-compliant French Lease transaction. This innovative financial arrangement will support the acquisition of two Airbus A350-900 aircraft, scheduled for delivery in 2026.

According to Emirates, this funding approach integrates two financing frameworks traditionally structured independently, combining the features of a French lease with Shariah principles within a singular financial structure. This initiative reflects Emirates' commitment to expanding its fleet while showcasing the adaptability of Shariah-compliant financing in the global aviation sector.

This transaction highlights a strategic method for airlines to access diverse capital sources by merging optimized aviation structures with Islamic finance. It sets a precedent for future international aviation financings seeking to integrate these frameworks in compliance with Islamic law. DIB and Natixis CIB have played pivotal roles as Islamic Financiers and Arrangers in this transaction.

Derek Blaney, Acting Chief Financial Officer at Emirates Group, emphasized the company's pursuit of innovative funding solutions. He praised the collaboration with Dubai Islamic Bank and Natixis CIB for creating a financing structure that supports Emirates' fleet expansion and diversification of funding sources. Naveed Ali, Chief of Corporate Banking at DIB, highlighted the sophistication and international relevance of Islamic finance in crafting solutions for complex, cross-border aviation transactions.

Jean Chédeville, Head of Transportation Finance at Natixis CIB, expressed enthusiasm for supporting Emirates with this tailored aircraft delivery funding solution, noting the partnership with Dubai Islamic Bank on this unique project.