ANSWER: USD 500 to 700 million
Explanation:
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.
