Eti­had Air­ways hon­oured with two lead­ing awards

The Pak Banker - - NATIONAL -

Eti­had Air­ways has picked up two lead­ing global fi­nan­cial ac­co­lades at sep­a­rate award func­tions in Lon­don within a week. A US$700m land­mark five-year fi­nance deal struck by Eti­had Air­ways Part­ners (EAP) to fund ex­pan­sion was recog­nised by the pres­ti­gious mar­ket in­tel­li­gence or­gan­i­sa­tion In­ter­na­tional Fi­nanc­ing Re­view (IFR) with the award for Emerg­ing Europe Middle East and Africa Bond of the Year.

The award, pre­sented at a Gala Din­ner in Lon­don, ac­knowl­edged the first joint fi­nanc­ing deal of its kind in the air­line in­dus­try in which lead ad­vi­sor Gold­man Sachs suc­cess­fully raised equity from the mar­kets for Eti­had Air­ways, its sub­sidiary Eti­had Air­port Ser­vices and five of its strate­gic part­ners - air­ber­lin, Air Ser­bia, Air Seychelles, Al­i­talia and Jet Air­ways - within Eti­had Air­ways Part­ners.

The trans­ac­tion was for a mix­ture of cap­i­tal ex­pen­di­ture and in­vest­ment in fleet, and re­fi­nanc­ing de­pend­ing on each busi­ness unit's in­di­vid­ual needs. The award recog­nised the con­fi­dence fi­nan­cial in­sti­tu­tions showed in Eti­had Air­ways' unique busi­ness model that is fo­cused on cre­at­ing syn­er­gies be­tween the busi­nesses the air­line has in­vested in. Just days ear­lier, Eti­had Air­ways was hon­oured in Lon­don by prom­i­nent fi­nan­cial pub­li­ca­tion Trea­sury Man­age­ment In­ter­na­tional for im­ple­ment­ing lead­ing edge tech­nol­ogy and de­vel­op­ing in­no­va­tive prac­tices to stream­line pro­cesses, cre­at­ing a con­sis­tent ro­bust and se­cure ap­proach to pay­ment sys­tems, im­prov­ing ef­fi­ciency and en­hanc­ing cor­po­rate fi­nance pro­ce­dures.

The TMI 2015 Cor­po­rate Recog­ni­tion Award for In­no­va­tion and Ex­cel­lence was based on nom­i­na­tions by third par­ties and Eti­had Air­ways was judged by peers across the fi­nance world to have set in­dus­try lead­ing global stan­dards and best-in-class trea­sury in­no­va­tion. James Ho­gan, Eti­had Air­ways' Pres­i­dent and Chief Ex­ec­u­tive Of­fi­cer, said: "Both th­ese awards demon­strate how Eti­had Air­ways is fo­cused on be­ing the best at what it does in dif­fer­ent ar­eas of the busi­ness, whether it's prod­uct and ser­vice or be­hind the scenes in de­vel­op­ing in­no­va­tive, ro­bust pro­cesses to sup­port our unique busi­ness growth model. "Our Chief Fi­nan­cial Of­fi­cer James Rigney and his team have clearly led the way in de­vel­op­ing pro­cesses to strengthen the busi­ness, whether it is through tough ne­go­ti­a­tions to strike the best fi­nan­cial deal or cre­at­ing orig­i­nal ways to take the busi­ness to new in­dus­try-lead­ing heights and set­ting clear bench­marks in a com­pet­i­tive global en­vi­ron­ment.

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