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Order HereEtihad Airways and its equity partner airlines have raised an additional $200 million following a surge in demand from international financial institutions, bringing the total funds raised to $700 million.
Earlier this week, the Etihad group of partners 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, which will be split across the seven businesses, will be used for a mixture of capital expenditures and investment in fleet, as well as for refinancing, depending on each airline’s individual needs. Etihad Airways, Etihad Airport Services, airberlin and Alitalia will receive 20%, with 16% to Jet Airways; and the remainder to Air Serbia and Air Seychelles.
“The initial success of this transaction was a clear endorsement of the shared vision and strategies of these businesses … The additional demand we have seen over the past 24 hours has been enough for us to re-open the transaction,” Etihad president and CEOJames Hogan said in a statement.
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Order HereEtihad Airways and its equity partner airlines have raised an additional $200 million following a surge in demand from international financial institutions, bringing the total funds raised to $700 million.
Earlier this week, the Etihad group of partners 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, which will be split across the seven businesses, will be used for a mixture of capital expenditures and investment in fleet, as well as for refinancing, depending on each airline’s individual needs. Etihad Airways, Etihad Airport Services, airberlin and Alitalia will receive 20%, with 16% to Jet Airways; and the remainder to Air Serbia and Air Seychelles.
“The initial success of this transaction was a clear endorsement of the shared vision and strategies of these businesses … The additional demand we have seen over the past 24 hours has been enough for us to re-open the transaction,” Etihad president and CEOJames Hogan said in a statement.
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 HereEtihad Airways and its equity partner airlines have raised an additional $200 million following a surge in demand from international financial institutions, bringing the total funds raised to $700 million.
Earlier this week, the Etihad group of partners 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, which will be split across the seven businesses, will be used for a mixture of capital expenditures and investment in fleet, as well as for refinancing, depending on each airline’s individual needs. Etihad Airways, Etihad Airport Services, airberlin and Alitalia will receive 20%, with 16% to Jet Airways; and the remainder to Air Serbia and Air Seychelles.
“The initial success of this transaction was a clear endorsement of the shared vision and strategies of these businesses … The additional demand we have seen over the past 24 hours has been enough for us to re-open the transaction,” Etihad president and CEOJames Hogan said in a statement.
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.