FINANCIAL NEWS

Etihad Airways, partners raise USD500m in new structuring plans

16 Sep 2015

(MENAFN) Etihad Airways, its airport services business and five of its equity partners have completed a financing transaction, raising USD500 million on the international markets.

Etihad Airways, Etihad Airport Services, airberlin, Air Serbia, Air Seychelles, Alitalia and Jet Airways have together taken a new step forward in their strategic business development through this fund-raising initiative.

“A key element of our equity partner strategy is creating a total which is greater than the sum of its parts, a grouping to improve revenues and reduce costs,” President and CEO of Etihad Airways said.

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