Etihad Airways calls on international investors
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The financial road shows held by Etihad Airways get on track once again in New York and London. The event was led by James Hogan, Etihad Airways’ president and chief executive officer, and supported by James Rigney, chief financial officer, and Ricky Thirion, group treasurer.
The road shows welcomed more than four hundred representatives from some key financial institutions, lessors and other partners. The events are conducted annually across New York, London and Sydney offering an opportunity for the airline to brief financiers about its expansion strategy as well as deepen existing ties.
The airline is looking to raise US$2 billion to finance its fleet deliveries in 2014 which will include its first A380 and Boeing 787 aircraft.
James Hogan said: “Etihad Airways continues to expand its relationships with financial institutions, which in turn play a crucial role in the expansion of the airline’s global network and fleet of aircraft. The financial institutions view the airline as a strong counterpart that is financially stable with a strong track record in safety.”
The airline in the past has raised more than US$8 bn in funding from 68 financial institutions during the past 10 years to finance aircraft and engines. Etihad Airways’ hedging strategy is at 76% for 2014, 48% for 2015, 15% for 2016, and three per cent for Q1 2017.
The airline will take delivery of 18 aircraft in 2014: three A320; three A321; two A330-200; one A330-200 freighter; one A380; two B787-9; one B777-300ER and five B777-200LR. Some of the new destinations announced for 2014 include Medina, Jaipur, Los Angeles, Zurich, Yerevan, Perth, Rome, Phuket, and Dallas-Fort Worth.
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