Business World

Thursday 22 March 2018

Etihad plans $500m expansion of its fleet

Etihad chief executive James Hogan
Etihad chief executive James Hogan

Etihad Airways, the Abu Dhabi state-owned carrier led by Irishman James Hogan, is seeking to raise as much as $500m for fleet expansion, according to two people with knowledge of the matter.

The fundraising may include financing from export credit agencies, operating leases and bank loans for five aeroplanes, the people said, asking not to be identified as talks are private. Several groups of local and international banks are bidding to provide the financing.

An Etihad spokesman declined to comment. (Bloomberg)

Irish Independent

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