(MENAFN) Etihad Airways president and CEO, James Hogan, announced that the carrier received a financing of USD359 million from a UAE bank for the acquisition of 2 Boeing 777-300ER planes, reported Arabian Business.
Hogan said that the Abu Dhabi-based carrier has received the first aircraft, while the second is projected to be handed over next month.
He added that the Sharia-compliant loan has a financing structure term of 12 years.
It is worth noting that in September, the airline issued a request for proposal (RFP) for the financing of 9 planes slated for delivery this year.
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