January 10, 2017 / 2:55 PM / in a year

UAE airline flydubai in loan talks

DUBAI, Jan 10 (Reuters) - State-owned budget carrier flydubai said on Tuesday it is in talks with banks for a club financing facility to fund future “infrastructure requirements”.

Lenders Emirates NBD, Noor Bank and Union National Bank are involved in the preliminary discussions, the Dubai-based carrier said in an emailed statement to Reuters.

A flydubai spokesperson declined to provide further details on the loan. (Reporting by Alexander Cornwell; Editing by Susan Fenton)

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