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 supports the airline's acquisition of two new Airbus A350-900 aircraft, set for delivery in 2026.

According to Wam, the financing structure integrates two distinct frameworks—French lease and Shariah principles—into a single cohesive model. This approach not only supports Emirates' ongoing fleet expansion strategy but also showcases the adaptability of Shariah-compliant financing in the global aviation industry.

The transaction marks a significant milestone by blending optimized aviation structures with Islamic finance principles, enabling airlines to access diversified capital sources. It sets a precedent for future international aviation financings seeking to harmonize these frameworks while adhering to Islamic law.

DIB and Natixis CIB were instrumental in this deal, serving as Islamic Financiers and Arrangers. Derek Blaney, Acting Chief Financial Officer at Emirates Group, emphasized the importance of diverse and innovative funding solutions in the airline's long-term financing strategy. He praised the partnership with DIB and Natixis CIB for establishing a financing structure that diversifies Emirates' funding sources.

Naveed Ali, Chief of Corporate Banking at DIB, highlighted the transaction's significance in illustrating the sophistication and global relevance of Islamic finance. He noted the successful integration of the French Lease framework with Shariah-compliant financing as a demonstration of their capability to support complex, cross-border aviation transactions.

Jean Chédeville, Head of Transportation Finance at Natixis CIB, expressed satisfaction in supporting Emirates with a tailored aircraft delivery funding solution and collaborating with DIB on this unique initiative.