Etihad wins deal of the year award for aircraft finance

Etihad Airways was awarded one of the Global Trade Review's '2009 Deals of the Year', in a ceremony in London last night.
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The airline received the award for its first European Export Credit Agency (ECA) term loan facility, worth USD $123m in support of aircraft acquisitions. 

The transaction, signed in August last year, was arranged, facilitated and financed by HSBC and is to be used to part finance an Airbus A340-600 aircraft. It was the first of four European ECA transactions signed by Etihad in the past year.

Commenting on the award, Etihad Airways’ CEO, James Hogan, said: “This award is testament to the success of Etihad’s innovative and broad-based approach to funding through a number of initiatives including export credit financing, commercial financing and Islamic financing structures.

 

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