- Jan 22, 2007
No wonder companies like Qantas can't compete.
Etihad Airways received massive financial support from the royal family of Abu Dhabi contrary to long-standing denials, documents obtained by Fairfax Media show.
The state-owned airline had access to a secret, interest-free $US3 billion ($3.3 billion) loan from the Abu Dhabi ruling family that required no repayments until 2027, according to documents prepared for prospective financiers.
Read more: Etihad's secret Abu Dhabi royal family loan revealed