Etihad Airways has signed the terms of a dollars 400 million agreement for an Islamic lease financing facility. This will be used to finance the Airline's acquisition of four Airbus A340-500 aircraft delivered in 2006, says a statement of Etihad issued here.
It said that in terms of this agreement for a consortium of six lenders which include as mandated lead arrangers: ABC Islamic Bank, First Gulf Bank, Qatar National Bank, Standard Chartered Bank as arrangers. Arab African International Bank and China Construction Bank Corporation/Hong Kong Branch will provide financing valued at dollars 400 million.