The debt restructuring on Islamic non interest bonds (debt) - Dubai: still problematic

A 29 billion dollar order from state-controlled Dubai Aerospace Enterprise split being Boeing and Airbus is about to be canceled. In other words anything connecting with indebted Dubai is still FUBAR

From WSJ

"DUBAI—The future of a $29 billion jetliner order that state-controlled Dubai Aerospace Enterprise placed with Airbus and Boeing Co. is uncertain amid the aircraft-leasing company's growing financial concerns, people familiar with the matter said.

The company has an outstanding three-year-old order for 200 aircraft evenly divided between Airbus and Boeing. But it is looking at potentially deferring or canceling the purchases, these people said.

Alternatively, the company's owners in the Dubai government may seek to shift the contracts to state-controlled Emirates Airline and flyDubai, the people said.

"It's all part of sorting out Dubai Inc.," said one of the people familiar with the situation."