Sunday 7 April 2019

Etihad Airways Is Said to Seek $600 Million Loan for Planes - Bloomberg

Etihad Airways Is Said to Seek $600 Million Loan for Planes - Bloomberg:

Etihad Airways PJSC is seeking a loan of about $600 million to help make initial payments for planes, according to people familiar with the matter.

Abu Dhabi’s state-owned carrier is arranging the loan on its own and has reached out to banks that may be willing to provide the unsecured facility with maturity of one or two years, said the people, who asked not to be identified because the information is private. A spokesman for Etihad Airways said the company doesn’t comment on rumors or speculation.

Etihad Airways has 43 unfilled orders from the Boeing Co.’s 787 family, according to a Boeing January report.

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