US Lobby Group Publishes Etihad Accounts

Etihad last year received $2.5bn in equity investment and loans from Abu Dhabi’s government, according to financial statements filed in Hong Kong and seen by the Wall Street Journal.

<p>Etihad last year received $2.5bn in equity investment and loans from Abu Dhabi’s government, according to financial statements filed in Hong Kong and seen by the Wall Street Journal.<p>The documents were publicised by the Partnership for Open &amp; Fair Skies, a lobby group representing the three US majors, who argue that Etihad and other Gulf carriers compete unfairly due to state support.<p>Etihad, which reported a $73m profit for 2014, told the WSJ that the government investment was “completely normal for any business which has significant long-term capital commitments”.</p>

TAGS: Middle East
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