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Etihad Airways gets locally-financed aircraft

Source : IANS
Last Updated: Tue, Apr 23, 2013 19:50 hrs

Abu Dhabi, April 24 (IANS/WAM) Etihad Airways, the national airline of the UAE, has taken delivery of a Boeing 777-300ER aircraft financed by a local bank.

The Abu Dhabi-based First Gulf Bank has provided the finance for two Boeing 777-300ER aircraft, to be delivered to Etihad Airways in 2013.

The first of the two aircraft has arrived in Abu Dhabi from Seattle and the second is expected to be delivered to Etihad Airways in May.

James Hogan, Etihad Airways' president and chief executive officer, said: "The strong financial structure and performance of Etihad Airways ensures that the airline regularly attracts funding from banks and institutions from around the world, as well as from across the Gulf region."

The total facility value offered by First Gulf Bank is approximately $359 million and it has a financing structure term of 12 years.

--IANS/WAM

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