DUBAI, United Arab Emirates – The Middle East's biggest carrier, Emirates Airline, says it has repaid in full a $1 billion bond that had been raised five years ago.
The Dubai-based airline said in a statement Thursday that it had paid the bond on its maturity date of June 8 with its own cash resources. The company says it's also repaying another bond, raised in 2006, of 150 million Singapore dollars ($111 million) later this month.
Emirates says that by end of this month, the company will have repaid six bonds in the last five years totaling $2.84 billion.
The airline announced in May it had posted profits of $1.9 billion with revenues of $23.3 billion for the 2015-2016 fiscal year. Its hub at Dubai International Airport is the world's busiest for international passengers.