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Order HereThe Etihad group of partners has raised $500 million on the international markets through a new funding vehicle, EA Partners IBV. The partners include Etihad Airways, Etihad Airport Services, airberlin, Air Serbia, Air Seychelles,Alitalia and Jet Airways.
The funds will be used largely for capital expenditure, fleet investment and refinancing as necessary. Etihad Airways, Etihad Airport Services, airberlin and Alitalia will receive 20% each, with 16% going to Jet Airways; and the remainder to Air Serbia and Air Seychelles.
The Etihad partners staged a series of roadshow meetings in Abu Dhabi, Dubai and London to highlight for financial institutions the growing network coordination, revenue development initiatives, and joint procurement and business synergy projects across the airlines.
Etihad resident and CEO James Hogan said: “A key element of our equity partner strategy is creating a total which is greater than the sum of its parts, a grouping which can work together to improve revenues, reduce costs and uncover exciting new business synergies. We have already been able to identify significant opportunities together, whether that be in shared IT platforms, joint fleet procurement or shared training costs. Commercial fund-raising is no different. Our proposed transaction is simply the next logical step in our growing partnership and underpins its strategic importance.”
The transaction marks the first time that Etihad Airways and its equity partners have raised funds together, although Etihad Airways alone has already raised in excess of $11 billion from more than 80 financial institutions to help fund its expansion strategy.
Goldman Sachs International, ADS Securities and Anoa Capital are the joint lead book-running managers for the bond issue.
The information on this page may have been provided by a contributor and no guarantees can be made about the accuracy of any content. Contributors must obtain all necessary licenses and/or ownership rights from the relevant content owner(s) before submitting the same for publication. AIRLINE PARTNERSHIP disclaims all liability arising from the publication of content received from contributors. Please refer to our Disclaimer for more details.
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Order HereThe Etihad group of partners has raised $500 million on the international markets through a new funding vehicle, EA Partners IBV. The partners include Etihad Airways, Etihad Airport Services, airberlin, Air Serbia, Air Seychelles,Alitalia and Jet Airways.
The funds will be used largely for capital expenditure, fleet investment and refinancing as necessary. Etihad Airways, Etihad Airport Services, airberlin and Alitalia will receive 20% each, with 16% going to Jet Airways; and the remainder to Air Serbia and Air Seychelles.
The Etihad partners staged a series of roadshow meetings in Abu Dhabi, Dubai and London to highlight for financial institutions the growing network coordination, revenue development initiatives, and joint procurement and business synergy projects across the airlines.
Etihad resident and CEO James Hogan said: “A key element of our equity partner strategy is creating a total which is greater than the sum of its parts, a grouping which can work together to improve revenues, reduce costs and uncover exciting new business synergies. We have already been able to identify significant opportunities together, whether that be in shared IT platforms, joint fleet procurement or shared training costs. Commercial fund-raising is no different. Our proposed transaction is simply the next logical step in our growing partnership and underpins its strategic importance.”
The transaction marks the first time that Etihad Airways and its equity partners have raised funds together, although Etihad Airways alone has already raised in excess of $11 billion from more than 80 financial institutions to help fund its expansion strategy.
Goldman Sachs International, ADS Securities and Anoa Capital are the joint lead book-running managers for the bond issue.
The information on this page may have been provided by a contributor and no guarantees can be made about the accuracy of any content. Contributors must obtain all necessary licenses and/or ownership rights from the relevant content owner(s) before submitting the same for publication. AIRLINE PARTNERSHIP disclaims all liability arising from the publication of content received from contributors. Please refer to our Disclaimer for more details.
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Order HereThe Etihad group of partners has raised $500 million on the international markets through a new funding vehicle, EA Partners IBV. The partners include Etihad Airways, Etihad Airport Services, airberlin, Air Serbia, Air Seychelles,Alitalia and Jet Airways.
The funds will be used largely for capital expenditure, fleet investment and refinancing as necessary. Etihad Airways, Etihad Airport Services, airberlin and Alitalia will receive 20% each, with 16% going to Jet Airways; and the remainder to Air Serbia and Air Seychelles.
The Etihad partners staged a series of roadshow meetings in Abu Dhabi, Dubai and London to highlight for financial institutions the growing network coordination, revenue development initiatives, and joint procurement and business synergy projects across the airlines.
Etihad resident and CEO James Hogan said: “A key element of our equity partner strategy is creating a total which is greater than the sum of its parts, a grouping which can work together to improve revenues, reduce costs and uncover exciting new business synergies. We have already been able to identify significant opportunities together, whether that be in shared IT platforms, joint fleet procurement or shared training costs. Commercial fund-raising is no different. Our proposed transaction is simply the next logical step in our growing partnership and underpins its strategic importance.”
The transaction marks the first time that Etihad Airways and its equity partners have raised funds together, although Etihad Airways alone has already raised in excess of $11 billion from more than 80 financial institutions to help fund its expansion strategy.
Goldman Sachs International, ADS Securities and Anoa Capital are the joint lead book-running managers for the bond issue.
The information on this page may have been provided by a contributor and no guarantees can be made about the accuracy of any content. Contributors must obtain all necessary licenses and/or ownership rights from the relevant content owner(s) before submitting the same for publication. AIRLINE PARTNERSHIP disclaims all liability arising from the publication of content received from contributors. Please refer to our Disclaimer for more details.