Etihad aims to strengthen its supply chain

Etihad Airways has appointed National Bank of Abu Dhabi (NBAD) to establish an innovative and fully automated Supply Chain Finance (SCF) programme, which will allow the airline to extend a range of benefits to its strategic suppliers, while strengthening its supply chain. NBAD is the first bank in the UAE to provide an SCF platform based in the region. Supply Chain Finance is a set of solutions that optimises cash flow by allowing companies to extend payment terms to their suppliers while enabling suppliers — generally SMEs — to get paid earlier. This creates a win-win situation for both the buying company and its suppliers.<br/>