Etihad Airways wins four airline economics awards

Etihad Airways, the national airline of the United Arab Emirates, won four honors in the 2021 Airline Economics and Aviation 100 Annual Transaction Awards at the awards ceremony held in Dubai on Tuesday, September 28. Etihad Group CEO Tony Douglas and CFO Adam Bucardida accepted the following awards on behalf of the airline:

• 2021 Middle East and Africa CEO/Industry Leader – Tony Douglas, CEO of Etihad Aviation Group
• 2021 Chief Financial Officer of the Middle East and Africa – Adam Boukadida, Chief Financial Officer, Etihad Airways
• Annual Middle East and Africa Capital Market Transaction – Etihad’s US$600 million transitional sukuk related to sustainable development and debt management due 2021
• Annual sustainable development financing transaction in the Middle East and Africa- Etihad Airways’ Sustainable Development Goals (SDG) loans

The annual honor has now entered its tenth year and pays tribute to the most outstanding companies, individuals and financial transactions in the commercial aviation industry in the past year; after the long-term difficulties caused by the COVID-19 pandemic, last year’s recognition was even more important.

Before the pandemic, Etihad Airways was ahead of the transformation target set in 2017. By the end of 2019, its core performance had increased by 55%. Despite operating losses due to COVID-19, the airline continues to be an industry leader with the goal of adopting it by optimizing its core business foundation, developing the industry-leading health and hygiene program Etihad Wellness and applying it to all aspects of its operations Holistic sustainability approach to achieve a complete transition to 2023.

These transformative measures include the issue of the first aviation transition to Islamic bonds in 2020. This landmark transaction raised US$600 million to support Etihad’s commitment to achieve zero net emissions by 2050, a net reduction of 50% by 2035, and the airline’s passenger fleet emissions from 20 to 2025. Intensity reduction percentage.

“Although the aviation industry faces the enormous challenges brought about by the COVID-19 pandemic, Etihad Airways is committed to taking bold actions to not only prepare us for the recovery in 2023, but also to find innovative solutions to Solve the most pressing problems we face during the epidemic. The next few years,” said Tony Douglas, Group Chief Executive Officer“Sustainability is the core principle of Etihad Airways’ operations, and the measures we have taken in the past year show that we are committed to protecting the aviation industry and the planet.”

Adam Boukadida, Chief Financial Officer of Etihad, Said: “We are proud that our pioneering approach to fiscal sustainability has been recognized by the industry. In the past two years, we have implemented a number of industry-first initiatives, including becoming the world’s first company based on our commitment to the United Nations. Sustainable development goals for airlines that promise to obtain commercial funding, and the launch of the first aviation transformation sukuk. We are very proud of our work as a financial department. We plan to continue to push the boundaries of this field, and there will be more soon many.”