Etihad issues $300m narrowbody RFP

London
Source: Flightglobal.com
This story is sourced from Flightglobal.com

Etihad Airways has approached financiers with a request for proposals (RFP) covering six Airbus narrowbody aircraft in an deal estimated at more than $300 million, according to a financier.

The RFP, which was sent last week, covers five Airbus A320s and one A321 scheduled for delivery between August this year and January 2014.

The Abu-Dhabi based carrier is looking for export credit agency-supported proposals, commercial debt as well as sale and leaseback bids.

Financiers have to submit proposals by 21 March, while the carrier plans to shortlist at the beginning of April with a view to mandate parties on 30 April.

Etihad plans to raise a total of $1.5 billion in debt financing this year and has already mandated its widebody deliveries, according to Etihad's chief financial officer James Rigney.

In 2013, the Middle East carrier is also scheduled to take delivery of a total of four 777-300ERs in January, June, September, October while another two aircraft are scheduled for December. Etihad Crystal Cargo will take one A330F in May as well as two 777Fs in February and December.

Etihad recorded a $42 million net profit for the full year 2012 on a 17% increase in revenues to $4.8 billion.