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Etihad borrows for planes
- United Arab Emirates: Tuesday, March 20 - 2007 at 09:33
Etihad is to borrow $1.3bn this year to fund plane acquisitions, reported Gulf News. Executive Vice-President James Rigney said the largest loan would total about $500m and would be required to purchase four Airbus A340-600s. A $360m loan being led by the National Bank of Abu Dhabi should be arranged shortly, while a $400m Islamic finance deal led by Citigroup and the Abu Dhabi Commercial Bank was signed two weeks ago.
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Jonathan Sheikh-Miller, Deputy EditorTuesday, March 20 - 2007 at 09:33 UAE local time (GMT+4)
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This article was updated on Sat Apr 07 2007.
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