Citi and Etihad Airways sign supply chain finance partnership

Citi, a provider of cash management and trade services in the MENA region and Etihad Airways, the national airline of the United Arab Emirates, signed an agreement to provide a Supply Chain Finance (SCF) solution to pay selected suppliers.

This program is expected to support Abu Dhabi Government's 2030 Vision to improve access to finance for suppliers and strengthen the supply chain.

The innovative financing program will enable Etihad Airways to unlock liquidity and pay its suppliers almost immediately through funding provided by Citi. The partnership with Etihad Airways marks Citi's first supply chain financing deal in the airline sector in EMEA and the first ever SCF partnership for Citi in Abu Dhabi.

Etihad Airways will also launch the program for the first time.

The solution will be rolled out in two phases with the first phase covering a select number of key suppliers and will be rolled out to the remaining suppliers in the second phase.