Etihad signs Citi as international cash management bank partner
Etihad Airways has formalised an enhanced agreement with Citi as its international cash management bank partner.
The new mandate, covering Etihad Airways' worldwide operations outside the GCC, will enable the airline to leverage Citi’s substantial investment in financial technology to further develop its cash management operations and help reduce costs.
Etihad Airways will now be able to utilise Citi’s Liquidity Management solution in a bid to achieve substantial cash optimisation and competitive market rates through automated treasury tools, resulting in significant transaction cost savings.
The enhanced partnership comes a year after the signing of an innovative Supply Chain Finance (SCF) agreement between the companies enabling the carrier to unlock liquidity and pay its suppliers almost immediately through funding provided by the bank.
Etihad Airways and Citi enhance partnership