Clifford Chance has advised UAE flag carrier Etihad Aviation Group.
Etihad Aviation Group issued the first sustainability-linked-loan (SLL) tied to environmental, social and governance (ESG) targets in global aviation. The transaction is the largest sustainable financing in the airline’s history.
The ground-breaking SLL transaction has raised US$1.2 billion with loan terms tied to: reducing the intensity of the Etihad passenger fleet’s carbon emissions; advancing female participation and training at the Global Business Service Solutions centre; and the Integrity Score, a comprehensive measure implemented by Etihad to assess the overall internal culture of integrity at the airline.
The Clifford Chance team was led by Nicola Reader (Picture – Partner, Abu Dhabi) with assistance from Andrew McAdam (Senior Associate, Dubai) and Vany Attarian (Associate, Dubai).
Law Firms: Clifford Chance;
Clients: Etihad Airways;