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Breaking new ground - Etihad
01 March 2008
Etihad's financing for its A340-600 was a first for the Abu Dhabi-based carrier, earning it the Middle East Deal of the Year award.
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Etihad
Calyon
BNP Paribas
Natixis Transport Finance
The French tax lease that financed an A340-600 for Etihad not only used an innovative tax structure but it also achieved the airline's objective of diversification by introducing the business to European banks. This is why it is Airfinance Journal's Middle East Deal of the Year.
The tax lease employed was the first of its kind for the Abu Dhabi-based carrier. It was also the first time that three French banks worked together on a French lease for a Middle East carrier – Calyon was the global coordinator, while BNP Paribas and Natixis Transport Finance were lead arrangers.
Besides the major role played by the French banks, local banks were also represented with the Gulf International Bank and...
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