Etihad Seeks $500 Million in Financing For Boeing Orders
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Etihad Airways is reportedly seeking more than $500 million in financing to help pay for its next round of Boeing 787 Dreamliner deliveries. The airline has sent out a number of request for proposals to banks to finance the delivery of four new 787s.
According to the report, loans for 787s generally have a 12 year maturity. The financing would most likely be provided by Abu Dhabi based banks.
Etihad currently operates 26 787 Dreamliners in its fleet and has another 45 on order.
The request for funds to pay for its aircraft order is yet another sign that the carrier is in serious financial distress. In January, Etihad canceled an order for 10 Airbus A320neos. It also cut 50 pilot jobs, about 2.4% of its total flight crew, at the end of January, according to Skift.
Featured Photo by Etihad Airways
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