December 18, 2014
Abu Dhabi Commercial Bank provides financing for Etihad Airways’ first A380-800
Etihad Airways, the UAE’s national carrier, has received financing from Abu Dhabi Commercial Bank (ADCB) for its first Airbus A380-800 aircraft, which was showcased to the public for the first on December 18th, at Abu Dhabi International Airport. ADCB is providing financing for one A380-800 aircraft following a competitive global request for proposal. The A380 is the first of a fleet of ten A380s on order from Etihad Airways to enter service. During the past ten years, Etihad Airways has raised more than US$8 billion from 68 financial institutions to fund the purchase of aircraft and engines. Furthermore, Etihad has selected Abu Dhabi-based FGB and The National Commercial Bank (NCB) of Saudi Arabia to provide financing for the purchase of a number of its Boeing 787-9 Dreamliner aircraft. The financing from FGB and NCB is provided through Sharia-compliant facilities following a request for proposal issued in May this year, which saw high levels of interest from global banks and leasing companies.