Etihad gathers 1.2 billion USD to finance development strategy

The companies Etihad Airways, Etihad Airport Services, Air Berlin, Air Serbia, Air Seychelles and Alitalia have successfully gathered an additional 500 mil USD in the second joint transaction for financing development, after the success of the last year's emission of bonds in the value of 700 mil USD.

James Hogan, CEO of Etihad Aviation Group said on that occasion that in the course of the second successful transaction of this kind, the international financial markets continued to demonstrate trust towards Etihad Group.

The assets secured by the transaction will again be mostly used for capital investments and investments in the fleet, and for refinancing the loan, depending on the air companies' individual needs.

The assets were gathered through specially formed subsidiaries EA Partners II B.V. ADS Securities, Anoa Capital, Goldman Sachs International and Integrated Capital.

Etihad Airways has an A rating for long-term debt with stable outlook, granted by Fitch ratings.