ETIHAD AIRWAYS AND CITI MARK COMPLETION OF TREASURY PROJECT SIX MONTHS EARLY

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.

Abu Dhabi, UNITED ARAB EMIRATES – 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.