Saturday, September 19, 2015

Etihad Airways raises debt to $700 million

Etihad Airways, which owns 24% in Jet AirwaysBSE 1.36 % Friday said the airline and its equity partners have increased their debt raising to $700 million.
On Wednesday, the airlines said they had raised debt of $500 million.
The airline said that after "increased demand from financial institutions in a range of markets,the airlines re-opened the transaction and have raised an additional US$ 200 million, bringing the total to US$ 700 million,"
Etihad Airways, Etihad Airport Services, airberlin, Air Serbia, Air Seychelles, Alitalia and Jet Airways have together raised the money for the first time, the airline said in a release. Of the total funds raised, Jet will get 16% Etihad and its airport services, Airberlin and Alitalia will get 20% each while Air Seychelles and Air Serbia will get the rest.  Etihad owns 24% in Jet.
18/09/15 Economic Times
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