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FINANCIAL NEWS
UAE’s Etihad seeks USD500m for fleet expansion
31 Aug 2015
(MENAFN) Etihad Airways, the Abu Dhabi state-owned airline, is pursuing to raise as much as USD500 million for the purpose of expanding its fleet.
In more detail, it’s intending to add five airplanes to its fleet, and many local and international banks have already made a bid to provide the financing.
Etihad, which has more than 200 aircraft on firm order, will take four Airbus A321s from August through to November and a Boeing 787 in April 2016.
Etihad is the third-biggest carrier in the Gulf after Dubai’s Emirates Airlines and Doha-based Qatar Airways, and it’s continually seeks to compete with larger regional peers.
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