Etihad's secret Abu Dhabi royal family loan revealed:
"Etihad Airways received massive financial support from the royal family of Abu Dhabi contrary to long-standing denials, documents obtained by Fairfax Media show.
The state-owned airline had access to a secret, interest-free $US3 billion ($3.3 billion) loan from the Abu Dhabi ruling family that required no repayments until 2027, according to documents prepared for prospective financiers.
Etihad chief executive James Hogan has repeatedly denied that the airline is subsidised.
"We are a government-owned carrier but we have been established and have to run as a commercial business. We get no state-funded handouts," he said at Washington's International Aviation Club in 2009."
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