Etihad Airways seen eyeing US$1b through debut bond issue
Dubai
ETIHAD Airways is in talks with potential investors, seeking to raise around US$1 billion through a debut bond issue, sources aware of the matter told Reuters.
The Abu Dhabi government-owned airline is planning to launch its bond through a unit or special purpose vehicle housing its equity stakes in global airlines, two Gulf-based sources aware of the matter said on Sunday. It will use the proceeds to lend to its global partners, fund its own expansion plans and partly for general purposes, one source said. It owns stakes in Alitalia, Virgin Australia, Air Berlin, and India's Jet Airways, among others.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Transport & Logistics
Air China to buy 100 locally made C919 jets in US$11 billion deal
Huawei’s smart car tech offers automakers route to China sales
Sri Lanka to hand management of China-built airport to India, Russia companies
Tesla’s plan for affordable cars takes page from Detroit rivals
Toyota is investing US$1.4 billion to build another all-electric SUV in US
Airbus net profit soars 28% in first quarter