Al Hilal Bank has closed its first ever aircraft financing transaction with the delivery of an Airbus A340-600 to Etihad Airways.
The Abu Dhabi-based bank provided the carrier with a Shariah-compliant $110 million aircraft financing facility, comprised of a 12-year lease for the purchase of its A340-600.
Al Hilal Bank's CEO Mohamed Jamil Berro commented: "It is with great pride that Al Hilal Bank participates in this deal with Etihad Airways. We are very pleased to work closely with Etihad as plays its central role in the economic vision of 2030".
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Source: Commercial Aviation Online
