Etihad faces investor challenge on bond commitments
A group of creditors to entities set up to finance affiliates of Etihad Airways said in a letter to the airline they were misled on its commitments to support part-owned carriers, two of which are now insolvent, a person familiar with the matter said. The investors say they bought bonds issued by EA Partners between 2015 and 2016 after Etihad implied it would back the affiliates including struggling carriers Alitalia and Air Berlin, according to the person. The group, represented by law firm Dechert, have sent a letter to Etihad asking to discuss the matter with its management and Abu Dhabi’s Department of Finance, the person said. A spokesman at Etihad declined to comment on the letter. An external representative for Dechert also declined to comment. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2018-10-05/eap/etihad-faces-investor-challenge-on-bond-commitments
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Etihad faces investor challenge on bond commitments
A group of creditors to entities set up to finance affiliates of Etihad Airways said in a letter to the airline they were misled on its commitments to support part-owned carriers, two of which are now insolvent, a person familiar with the matter said. The investors say they bought bonds issued by EA Partners between 2015 and 2016 after Etihad implied it would back the affiliates including struggling carriers Alitalia and Air Berlin, according to the person. The group, represented by law firm Dechert, have sent a letter to Etihad asking to discuss the matter with its management and Abu Dhabi’s Department of Finance, the person said. A spokesman at Etihad declined to comment on the letter. An external representative for Dechert also declined to comment. <br/>
