Etihad Airways wins two leading global financial accolades

Pictured after picking up International Financing Review’s Emerging Europe Middle East and Africa Bond of the Year Award in London are, from left: Etihad Airways’ Ulf Huettmeyer, Senior Vice President Finance Partner Airlines; Bassam Al Mosa, Vice Preside

Etihad Airways has picked up two leading global financial accolades at separate award functions in London within a week. A US $700 million landmark five-year finance deal struck by Etihad Airways Partners (EAP) to fund expansion was recognised by the prestigious market intelligence organisation International Financing Review (IFR) with the award for Emerging Europe Middle East and Africa Bond of the Year. The award acknowledged the first joint financing deal of its kind in the airline industry in which lead advisor Goldman Sachs successfully raised equity from the markets for Etihad Airways, its subsidiary Etihad Airport Services and five of its strategic partners – airberlin, Air Serbia, Air Seychelles, Alitalia and Jet Airways – within Etihad Airways Partners. The transaction was for a mixture of capital expenditure and investment in fleet, and refinancing depending on each business unit’s individual needs. The award recognised the confidence financial institutions showed in Etihad Airways’ unique business model that is focused on creating synergies between the businesses the airline has invested in. This comes after the company was honoured in London by prominent financial publication Treasury Management International for implementing leading edge technology and developing innovative practices to streamline processes, creating a consistent robust and secure approach to payment systems, improving efficiency and enhancing corporate finance procedures. The TMI 2015 Corporate Recognition Award for Innovation and Excellence was based on nominations by third parties and Etihad Airways was judged by peers across the finance world to have set industry leading global standards and best-in-class treasury innovation.

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