Etihad Airways raises fund to USD 700 million with unique platform financing transaction.

Q.  By how much have Etihad Airways and equity partner airlines increased funds from their unique platform financing transaction?
- Published on 21 Sep 15

a. USD 400 to 800 million
b. USD 500 to 700 million
c. USD 600 to 900 million
d. None of the above

ANSWER: USD 500 to 700 million
 
Etihad Airways and equity partner airlines have increased funds garnered from unique platform financing transaction from USD 500 million to 700 million. Etihad has 24% stake in Jet Airways and will attain 16% of this amount for USD 110 million. Funds will be divided across 7 businesses and used for capital expenditure, fleet investment and refinancing. Additional funds will pave the way for the airline to realise its vision and strategies. The CEO and President of Etihad is James Hogan.

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