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2009 Treasury Team of the Year: Emirates
18 May 2010
Sophie Segal catches up with the Emirates treasury team after winning their surprise award for talomg delivery of 19 widebodies.
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2009 Deals of the Year
Treasury team of the year
Emirates
Brian Jeffery
Kostya Zolotusky
Nirmal Govindadas
Finding finance for almost 20 aircraft can be difficult in a good year. But sourcing funding for 19 widebodies in 2009, a difficult year for most airlines, not to mention banks, was a true accomplishment.
Emirates Airline, based in Dubai, diversified its financing last year in all the regular ways. But the company was also the first airline to issue a new capital markets product: the Ex-Im bond, for which it won Overall Deal of the Year 2009.
"We’re particularly proud of the fact that we financed 19 widebodies in the most difficult year for financial institutions, when liquidity completely dried up in many places," says Brian Jeffery, senior vicepresident, corporate treasury, Emirates, speaking to Airfinance Journal after being surprised when awarded Treasury Team of the Year 2009 in April.
Kostya Zolotusky, managing director, capital markets development, Boeing Capital praises the Emirates treasury team, calling it solid, deep and...
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