Etihad Airways and Citi Mark Completion of Treasury Project Six Months Early

Press release

Published September 24th, 2017 - 08:08 GMT

During the event

Etihad Airways and its international cash management bank partner Citi have successfully completed a project six months ahead of schedule to introduce new automated treasury tools at the airline.

The 18-month project saw Etihad Airways implement Citi’s Liquidity Management solution across its international network to achieve substantial cash optimisation and competitive market rates resulting in significant transaction cost savings.

Pictured marking the successful implementation of the project are, from left: Emre Karter, Citi’s Head of Treasury and Trade Solutions for the Middle East, North Africa, Pakistan and Turkey; Ebru Pakcan, Citi’s Regional Head of Treasury and Trade solutions for Europe, Middle East and Africa; Ricky Thirion, Etihad Aviation Group Interim Group Chief Financial Officer; and Adam Boukadida, Etihad Aviation Group Acting Group Treasurer.

Background Information

Etihad Airways

As an airline, Etihad has come a long way in a short time – just like its home Abu Dhabi.

The airline was established by Royal (Emiri) Decree in July 2003 and is wholly owned by the Government of Abu Dhabi with a mandate to operate safely, commercially and profitably.