FINANCIAL NEWS

UAE- Etihad Airways acquires 2 Boeing planes via USD359m financing

21 Apr 2013

(MENAFN) Etihad Airways president and CEO, James Hogan, announced that the carrier received a financing of USD359 million from a UAE bank for the acquisition of 2 Boeing 777-300ER planes, reported Arabian Business.

Hogan said that the Abu Dhabi-based carrier has received the first aircraft, while the second is projected to be handed over next month.

He added that the Sharia-compliant loan has a financing structure term of 12 years.

It is worth noting that in September, the airline issued a request for proposal (RFP) for the financing of 9 planes slated for delivery this year.

More News

This website uses cookies to ensure you get the best experience and by clicking “I Accept” below, you consent to the use of cookies. Learn more