Emirates is seeking to raise as much as USD2.5bn to fund the purchase of Airbus’ A380 superjumbos. The Dubai government plans an 18-month bridge loan prices at about 135bps over LIBOR. The bridge facility will later be converted into a 12-year loan to fund about 10 A380s, which will be delivered before the year end.  The airline is seeking short-term financing due to the lack of funding from the European export credit agency (ECA), although that is expected to become available over the next six to 12 months. ECA-backed funding will replace the bridge facility when its available and some of the banks will be repaid. (Bloomberg)