Airline company Etihad Airways wants to take out a loan worth 600 million dollars. The company wants to use the money to make deposits for new planes, sources around the Gulf State company reported.
Etihad would like to arrange the loan on its own. The company would already have contacts with banks. A loan with a duration of two years was discussed.
Ethiad cut his plane orders considerably in February. For example, the company only wants to receive six Boeing aircraft of the 777 type from an earlier 25. An order for 42 Airbus A350 aircraft was halved.
Etihad has accounted for a $4.8 billion deficit in the last three years. It cut sharply in its workforce and air routes. The company is also still involved in a lawsuit about the bankrupt Air Berlin. The German company went bankrupt after Etihad turned off the money tap. That decision was challenged.
Peretz M. is an accomplished economist and financial journalist with a deep understanding of the global economy and financial markets. He is a regular contributor to EconomicInform, where he provides expert analysis and commentary on current economic trends and events. With a strong educational background in economics, Peretz has a talent for breaking down complex economic concepts for a general audience and is able to provide insightful perspectives on a wide range of economic issues.