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Etihad to raise USD2b by year end

19 Sep 2014

(MENAFN) Etihad Airways announced it is raising USD2 billion by the end of the year to pay for aircraft deliveries and investments in other airlines, Gulf News reported.

The airline is scheduled to receive 18 aircraft this year including ten airbus aircraft and eight Boeing planes.

Etihad has received more than USD8 billion from 68 financial institutions for aircraft-related financing in the past decade, including USD2 billion last year. Etihad’s currently has 200 aircraft but these airplanes are spread among the eight airlines Etihad has equity stakes in.

These equity stakes, which expand from Australia to Ireland, saw Etihad investing USD 387.19 million into Air Berlin earlier this year as well as taking a 49 percent stake in Italy’s Alitalia in USD 723.30 deal.

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