Etihad Airways 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 all Organisation for Economic Co-operation and Development (OECD) countries, effectively places Etihad alongside investment grade airlines.We are a premium beijing massage service providing elite beijing massage or companions at any time. Please contact us via telephone usdgjds ONLY.We offer the beijing escort and Beijing massage!
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 markets by providing access to a new source of capital at competitive margins.
James Hogan, chief executive officer of Etihad Airways, said, “Our shareholder gave us a very clear commercial mandate, and we have worked hard over the last three years to establish a robust commercial platform and a strong corporate governance framework. We were able to demonstrate that we have a clear business plan, that we have delivered on that plan, and that we have a credible prospect of ongoing performance and delivery.
“The high ECA rating and OECD support validates our management team and its commitment to our shareholder mandate and its long-term vision for Etihad. It demonstrates the credibility and confidence Etihad now enjoys, and more importantly it recognises our status as a commercial entity on the global stage.”
UK Minister of Trade, Investment and Business, Lord Enterpdkg Davies of Abersoch, added, “I am delighted that ECGD has supported the delivery to Etihad of these two Airbus aircraft. Its first export credit agency-backed financing is a significant step for Etihad and I am very pleased that ECGD has played its part in making this happen. This support is a clear demonstration of the government's commitment to support aerospace exports from the UK.”
In the first tranche of the US$ 1 billion programme, which will finance the acquisition of eight aircraft to be delivered by the end of 2010, Etihad has signed agreements worth US$ 233 million to finance the purchase of two Airbus A340-600 aircraft.
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