Subscribe Free
in Air Transport

Etihad Airways becomes first airline to raise funds tied to UN sustainable development

Posted 9 December 2019 · Add Comment

Etihad Airways has become the first airline to secure funding for a project based on its compatibility with the Sustainable Development Goals of the United Nations.

 

Through a partnership with First Abu Dhabi Bank and Abu Dhabi Global Market, the airline will borrow 100 million Euros (AED 404.2 million) to support expansion of the Etihad Eco-Residence, a sustainable apartment complex for the airline’s cabin crew.

Adam Boukadida, senior vice president treasury, tax & finance, Etihad Aviation Group, said the process to secure the loan hinged on a detailed international verification of the airline’s sustainability credentials. 

“We are proud to be the first airline globally, and one of the first companies in the UAE, to obtain commercial funding based on our commitment to the Sustainable Development Goals of the United Nations,” said Boukadida

“This assessment will enable us to fund long-term leases of the new Eco-Residence complex, located in Abu Dhabi’s Masdar City innovation precinct, and will serve as the foundation for Etihad to fund future sustainable initiatives.”

“It will also highlight the growing specialisation of Abu Dhabi as a centre of excellence for financing sustainable projects, at a time of increasing global demand for ethics-based development.” 

* required field

Post a comment

Other Stories
Advertisement
Latest News

Etihad launches MicrobeBARRIER face protection

Etihad Airways has introduced new protective wear for First and Business class guests.

MBRSC releases satellite image ‘Mosaic’

The Mohammed Bin Rashid Space Centre (MBRSC) has announced the completion of an updated map of the Abu Dhabi and Dubai using the UAE's first high-resolution satellite image “Mosaic”, captured by KhalifaSat.

2020 MRO spend expected to drop by more than 50%

With MRO industry revenues directly related to aircraft utilisation, 2020’s total MRO spend will be less than half of the approximately $90bn forecasted, according to the leading aviation data and advisory company IBA.

Emirates to resumes passenger services to Kuwait and Lisbon

Emirates will resume passenger services to Kuwait City from August 5 and Lisbon from 16 August 16.

Kallman to lead U.S. presence at Saudi Airshow

Kallman Worldwide has signed a partnership with Saudi International Airshow 2021 to strengthen the show’s American industry presence through their USA Partnership Pavilion.

Gulfstream advances G700 flight-test programme

Gulfstream Aerospace has announced the all-new, industry flagship Gulfstream G700 flight-test programme is making progress with a number of accomplishments in testing and performance.

GAS_SK2805200920
See us at
MAPS2020 BT1102171120GAS BT0907290920SaudiAirshow21BT2011180221