Emirates, Dubai Islamic Bank (DIB) and Natixis Corporate & Investment Banking (Natixis CIB) have completed a 12-year Shariah compliant French Lease transaction to support the airline’s acquisition of two new Airbus A350-900 aircraft in 2026.
The deal combines two financing frameworks that are typically structured separately, aligning the features of the French lease with Shariah principles within a single structure. It directly supports Emirates’ fleet expansion strategy and shows the growing versatility of Shariah compliant structures in global aviation.
DIB and Natixis CIB acted as Islamic Financiers and Arrangers. The parties say the transaction shows how airlines can tap alternative, diversified pools of capital, and it sets out a repeatable blueprint for future aviation financings that bring the two frameworks together.
Derek Blaney, Acting Chief Financial Officer at Emirates Group, said the airline continues to pursue innovative funding structures as part of its long-term financing strategy. He said the transaction helps diversify funding sources and sets a precedent for future aircraft financing, adding that Emirates’ strong financial performance and track record give it access to such solutions.
Naveed Ali, Chief of Corporate Banking at DIB, said the deal reflects the growing sophistication and international relevance of Islamic finance. He noted that DIB’s Shariah team played an important role in aligning the French Lease requirements with Shariah standards, and that the bank also acted as Shariah Structurer.
Jean Chédeville, Head of Transportation Finance at Natixis CIB, said the transaction shows the bank’s ability to develop tailored financing solutions with high added value for clients. He said Natixis CIB was pleased to support Emirates with another tailored aircraft delivery funding solution and to partner with DIB on a structure of this kind.
News Source: WAM
