Emirates has closed a ijarah lease for two Airbus A380. The aircraft are leased from Aviation Finance Company (now Stellwagen Finance Company) for a period of 12 years.

Seraph Aviation Management, a sister company, will provide lease management services for the term of the lease. Dubai Islamic Bank (DIB) and Commercial Bank of Dubai (CBD) are the lenders. Allen & Overy represented AFC and Pillsbury acted for Emirates. Clifford Chance acted for DIB and CBD.

MSNs: 211, 213
MSN 211 – Ibex 1 Limited (as owner), Ibex 2 Limited (as lessor), 
MSN 213 – Ibex 3 Limited (as owner), Ibex 4 Limited (as lessor),