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Andy Cairns of First Abu Dhabi Bank, Khaled Khalfan Al Suwaidi of Abu Dhabi Global Market and Adam Boukadida of Etihad Aviation Group at the signing ceremony.
Etihad Airways has raised 100 million euros to support the expansion of its eco residence in Abu Dhabi, a sustainable residential complex for the airline’s cabin crew.
In doing so, the national carrier of the United Arab Emirates has become the first airline to secure funding for a project based on the UN’s Sustainable Development Goals, the company said Sunday.
First Abu Dhabi Bank and Abu Dhabi Global Market will finance the project.
“We are proud to be the first airline globally, and one of the first companies in the UAE, to obtain commercial funding based on our commitment to the Sustainable Development Goals of the United Nations,” said Adam Boukadida, senior vice-president, treasury, tax and finance at Etihad Aviation Group.
He said the process to secure the loan hinged on a detailed international verification of the airline’s sustainability credentials.
“This assessment will enable us to fund long-term leases of the new eco residence complex, located in Abu Dhabi’s Masdar City innovation precinct, and will serve as the foundation for Etihad to fund future sustainable initiatives.”
Financing for these type projects must be linked to one or more of the goals, and the Etihad project met two, the company said.
To support the financing, Etihad established a framework.
The airline then engaged Sustainalytics to review the framework, and confirm alignment with the Sustainability Bond Principles of the International Capital Markets Association.
The company issued a Second Party Opinion verifying Etihad’s sustainability credentials, a key condition to raising capital, Etihad said.
Images are courtesy of Etihad.
Bombardier is building a new final assembly facility at Toronto’s Pearson International Airport for its Global business jets.
Japan’s biggest airline has been celebrating a milestone – its 100,000th revenue flight with the 
Twenty 
“We are fully committed to flying a modern fleet that is better for the environment, and provides our customers with a superior level of comfort and safety,” said company president Sir Tim Clark (left).
The world’s largest aircraft manufacturer is collaborating with Canada’s aviation industry, the 
Under the latest initiative, a consortium that includes Boeing, 
“Sustainable aviation biofuel will play a critical role in reducing aviation’s carbon emissions over the long term,” said Julie Felgar, managing director of environmental strategy and integration at Boeing Commercial Airplanes.
The 
The service will be available on new Global 5000, Global 6000, Global 7000 and Global 8000 aircraft.
“Our Global aircraft can link virtually any key city pair worldwide, non-stop, at close to the speed of sound, and the Bombardier WAVE system is intended to match this performance with its exceptional speed, promise of reliability and worldwide reach,” said David Coleal (left), president of Bombardier Business Aircraft.
The system leverages Honeywell Aerospace’s JetWave hardware and Inmarsat’s JetConneX solution to deliver high-speed access, consistent performance and seamless coverage across the globe, Bombardier said.
“Our JetWave hardware, coupled with Inmarsat’s JetConneX solution, is ushering in a new era of connectivity in the skies,” said Kristin Slyker, vice-president at Honeywell Aerospace.
