"Etihad Airways" raises 4.4 billion dirhams in a "sustainability loan"
From left to right Martin Tricord, Adam Boukadida, Abdelfattah Sharaf. From the source
Etihad Airways has raised $1.2 billion (about AED 4.4 billion) in the first sustainability-related loan related to environmental, social and corporate governance objectives in the global aviation sector.
The company said in a statement today, that this deal is the largest sustainable financing deal in the history of aviation, and follows the two innovative financing deals in aviation, which are the first sustainability-related transition instruments in 2020, and the first loan in the aviation sector linked to the United Nations sustainable development goals in 2019.
Etihad Aviation Group Chief Financial Officer, Adam Boukadida, said: “(Etihad Airways) is at the forefront of sustainable financing in the sector, and we are proud to continue our innovative track record of being the first airline to obtain a loan linked to the objectives of sustainability, environmental, social and corporate governance.”
For his part, Chief Executive Officer of HSBC Bank UAE and Head of International Business Department, Abdul Fattah Sharaf, said, "The bank is committed to helping lead the transition to a carbon-neutral economy, as we are working to employ financing and accelerate innovation to achieve this goal." .
In turn, Head of Investment Banking for the First Abu Dhabi Bank Group, Martin Tricaud, said: “As a strategic partner and financier of this transaction, we affirm our serious and firm commitment to employing our financial expertise to support the sustainability of the aviation sector,” stressing the bank’s keenness to play an active role in supporting environmental development. economic and social in all the markets in which it operates.
Follow our latest local and sports news and the latest political and economic developments via Google newsKeywords: etihad airways, aviation, loan, objectives, governance, company, sustainability loan, transition instruments, financing deal, deal, statement, left, abdul fattah sharaf, adam boukadida, martin tricord