Bondholders team up against Abu Dhabi over hairy airline debt

Etihad PA 230x150
By Karoliina Liimatainen
05 Sep 2019

Holders of the defaulted EA Partners bonds claim that Etihad Airways and Abu Dhabi gave them implicit guarantees for the notes, which were issued to fund other troubled airlines. The bondholders, backed by restructuring advisers and corporate sleuths, are buckling up for a battle for their money. Karoliina Liimatainen reports.

The group of bondholders have hired investment bank PJT Partners and law firm Dechert to advise, according to documents filed with the London Stock Exchange. They have called an extraordinary general meeting, to take place on October 2, with the aim of organising the noteholders in a unified front, ...

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