By Our Reporter
A US$ 700 million landmark financing deal struck by Etihad Airways Partners (EAP) to fund expansion has been recognized by the prestigious market intelligence organization International Financing Review (IFR). The award will be presented at the International Financing Awards (IFA) gala dinner in London on 27th January 2016. The IFA is considered the most prestigious event on the global capital markets calendar. Over 1,000 of the world’s most senior and successful investment banking professionals are expected to gather at the occasion to celebrate capital markets excellence.
In September this year, Etihad Airways embarked on an international roadshow with lead financial advisor Goldman Sachs to raise equity from the market for the airline, its subsidiary Etihad Airport Services and five of its strategic airline partners including airberlin, Air Serbia, Air Seychelles, Alitalia and Jet Airways, all part of EAP.
The group successfully raised US$ 500 million, rising within days by a further US$ 200 million following a surge in interest from the international finance community. This has been seen as the first joint financing deal of its kind in the airline industry.
James Hogan, President and Chief Executive Officer of Etihad Airways said, “Innovation is at the heart of everything we do across all our business operations at Etihad Airways and our partners. This latest award from International Financing Review demonstrates the confidence financial institutions have had in our successful and unique business model that truly is all about creating synergies between the businesses we have invested in.
