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Etihad's secret $3bn loan from Abu Dhabi royal family revealed
"Etihad Airways received massive financial support from the royal family of Abu Dhabi contrary to long-standing denials, documents obtained by Fairfax Media show. The state-owned airline had access to a secret, interest-free $US3 billion ($3.3 billion) loan from the Abu Dhabi ruling family that required no repayments until 2027, according to documents prepared for prospective financiers. Etihad chief executive James Hogan has repeatedly denied that the airline is subsidised." (www.smh.com.au) More...Sort type: [Top] [Newest]
So thats how Manchester City won the English Premier league. The team is sponsored by Eithad and is expanding to New York City.
[This poster has been suspended.]
Mostly to the gas station and your local government.
To $4.50
Word.
I'd like to have $3 billion interest free and not start repayment for about another 14 years. I believe I could start an airline and compete rather well.