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FINANCIAL NEWS
Etihad Airways to raise USD500m to expand its fleet
03 Sep 2015
(MENAFN) Etihad Airways, the Abu Dhabi state-owned airline, is seeking to raise as much as USD500 million for fleet expansion, according to two people with knowledge of the matter.
The fundraising may include financing from export credit agencies, operating leases and bank loans for five aeroplanes, the people said, asking not to be identified as talks are private.
Etihad is the third-biggest carrier in the Gulf after Dubai’s Emirates Airlines and Doha-based Qatar Airways. The airline has invested in minority equity stakes in eight carriers from Australia to Italy.
The UAE carrier took delivery of one Airbus A380 in August and is set to receive another in November. It will take four Airbus A321s from August to November and a Boeing 787 in April 2016.
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