etihad

Tag Archives for etihad.

The Media Is Biased Towards Fairness But There Aren’t Two Sides to This Story

plane with loading dock
Feb 21 2018

Delta, American and United keep arguing that Emirates, Qatar, and Etihad accept government subsidies and that this violates the Open Skies treaties that the U.S. has signed with the UAE and Qatar. Only it doesn’t violate those treaties. At all. Anyone that reads the treaties knows that.

In the old Aaron Sorkin HBO series The Newsroom the cast makes an important point about journalism. The media is biased towards fairness and simply doesn’t call a lie a lie.

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Etihad May Default on $1.2 Billion in Bonds

airplane docked
Feb 02 2018

In 2015 Etihad created an Amsterdam-based special purpose vehicle “SPV Equity Alliance Partners” which issued bonds for Etihad and other airlines it controlled. Etihad has since walked away from its investments in Alitalia and air berlin, each of which reportedly held 19% of the debt.

Etihad is discussing “how to support the bonds” given the “political and reputational pressure” not to default. It will be expensive for the Al Nahyans to cover the commitment, but embarrassing for them not to.

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