Eti­had signs Citi as in­ter­na­tional cash man­age­ment bank part­ner

Travel Daily ME - - News -

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

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