Wheels & more -- Motoring quarterly
Advertisement
Manila Standard Job Openings

Etihad raises $700m

The fund-raising transactions of Etihad Airways and partner airlines haveincreased to US$700 million.

Etihad Airways and equity partner airlines raised the funds raised from their unique platform financing transaction to $700 million following a surge in demand from international financial institutions.

Etihad Airways, Etihad Airport Services, Airberlin, Air Serbia, Air Seychelles, Aliltalia and Jet Airways recently they had successfully raised $500 million through the transaction, which followed roadshows in Abu Dhabi, Dubai and London.

After unprecedented increased demand from financial institutions in a range of markets, the airlines re-opened the transaction and have raised an additional $200 million, bringing the total to $700 million.

The funds, which will be split across the seven businesses, will be used for a mixture of capital expenditure and investment in fleet, as well as for refinancing, depending on each airline’s individual needs.

COMMENT DISCLAIMER: Reader comments posted on this Web site are not in any way endorsed by The Standard. Comments are views by thestandard.ph readers who exercise their right to free expression and they do not necessarily represent or reflect the position or viewpoint of thestandard.ph. While reserving this publication’s right to delete comments that are deemed offensive, indecent or inconsistent with The Standard editorial standards, The Standard may not be held liable for any false information posted by readers in this comments section.
AdvertisementKPPI
Advertisement