Following a string of recent awards for its funding activities and treasury practice, Etihad Airways swept top honours at a global award ceremony that recognizes excellence and achievement in the corporate treasury space.
Etihad Airways’ treasury team collected the highest honour, winning the ‘Top Treasury Team Award’ for overall excellence. The team also picked up the awards for Best Financing Solution and Best Cash Management Solution.
Winning the Top Treasury Team Award, Etihad was recognized for its innovative transformation and centralization programmes that have made an outstanding contribution to the airline.
“Innovation is at the heart of everything we do at Etihad Airways. These latest awards are a testimony to the talent in our finance team. Our strategy is clear and finance is a core enabler of that strategy – a business model that focuses on organic growth and minority investments in airlines around the world,” said James Hogan, Etihad Aviation Group President and Chief Executive Officer. “Our equity partner strategy is creating a total which is greater than the sum of its parts, a grouping working together to improve revenues, reduce costs and uncover exciting new business synergies.”
The Group’s Chief Financial Officer, James Rigney, said: “The performance of our treasury team this last year has been remarkable. These highly coveted awards, especially the team of the year award, are very well deserved. The success they have had is a catalyst for Etihad Aviation Group’s plans for further growth and investment.”
The Best Financing Solution Award was in recognition of the landmark Etihad Airways Partners’ (EAP) US$700 Million debt capital markets transaction completed in September 2015. Seen as the first joint financing deal of its kind in the airline industry, the ground-breaking transaction was aimed at funding EAP’s expansion. A further US$500 million has since been raised in a second transaction completed last month – reflecting the financial markets’ continued confidence in the EtihadAirways Partners story.
Etihad Aviation Group (EAG) is a diversified global aviation and travel group comprising four business divisions – EtihadAirways, the national airline of the United Arab Emirates, Etihad Engineering, Hala Group and Airline Equity Partners. The group has minority investments in seven airlines: airberlin, Air Serbia, Air Seychelles, Alitalia, Jet Airways, Virgin Australia, and Swiss-based Darwin Airline, trading as Etihad Regional.