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UAE invested 22 billion dollars for Etihad Airways?

Carrier would have benefited from it since 2003

United Arab Emirates (UAE) guaranteed about 22 billion dollars to air carrier Etihad Airways in seventeen years. The figure was revealed in the last few hours by "Bloomberg" agency which cited anonymous sources close to the Asian company itself: the first flights date back to 2003 and from that moment the Abu Dhabi government would have undertaken to transform the airline itself in a point of reference for the local sector and beyond. Investments would therefore have been important before the coronavirus pandemic interrupted the “magic” moment; the revelation on the 22 billion dollars should have been made during some investor meetings.

In practice, bonds linked to the air carrier were issued and on that occasion there would have been talk of the money paid in almost two decades. The same sources cited by "Bloomberg" would have reported that the sum refers to the period 2003-2019, even if in reality in 2018 the United Arab Emirates signed an agreement with the United States for greater financial transparency, therefore the time span of reference should be terminated two years ago. For the moment, Etihad preferred not to comment on the press rumors.

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AVIONEWS - World Aeronautical Press Agency