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Article: Etihad Airways inks $1 billion deal to finance aircraft programme.
- Article from:
- WAM - United Arab Emirates News Agency
- Article date:
- September 30, 2009
CopyrightCOPYRIGHT 2009 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Abu Dhabi, Sep 30th, 2009 (WAM)--Etihad Airways, the national airline of the United Arab Emirates, has signed the first Export Credit Guaranteed transactions in a billion dollar aircraft financing programme for 2009 and 2010.
The recently acquired Export Credit Agency (ECA) rating, which is also endorsed by Organisation for Economic Co-operation and Development (OECD) countries, effectively places Etihad alongside investment grade airlines.
The sovereign guarantees from the governments of Germany, France, the United Kingdom and the United States of America will further enhance the airline's existing aircraft financing activities in the commercial ...