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Etihad: seeks lenders for 600 million dollars

Required annual loans to pay for ordered aircraft

Etihad Airways is trying to find a loan of around 600 million dollars to allow the management to proceed with the payment of the ordered aircraft, and to do this -according to the local press- it would have contacted a series of banks asking for an unsecured loan in expiry at one or two years. Rumors that come after Etihad decided in February to cut orders totaling $ 21.4 billion (list price) for aircraft produced by Boeing and Airbus, to be able to carry out a heavy corporate restructuring necessary to reduce losses operational.

Among the cut planes there were the B-777/9X, reduced from 25 to 6, and the A-350, which were reduced from 42 to 20. At the same time, however, it was not decided to cancel the purchase of the 43 B-787 which still have to be delivered -and paid for it- by Etihad. Also for this reason probably from Abu Dhabi they are looking for financiers in order to avoid a new painful cut to the expectations and future prospects of the airline.

M/A - 1220612

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