Etihad Airways picks US-based Citi as cash management partner

Etihad Airways picks US-based Citi as cash management partner

The national airline of the UAE, Etihad Airways has selected American multinational investment bank and financial services company Citi as its international cash management bank partner.

According to the statement, “Citi has also renewed its cash management mandate with Etihad, further assisting the airline with a major Treasury transformation journey, helping to move its automation, digitalization and overall efficiency to the next level.”

Etihad will gain access to Citi’s breadth of digital capabilities across working capital and liquidity management, payments and collections, reconciliation, and visibility, as well as working closely with Citi’s Innovation Lab to deploy several innovations in treasury management using AI-based and Application Programming Interface (API) technology.

Mr. Adam Boukadida, Chief Financial Officer of Etihad Aviation Group said that, “Etihad is committed to driving innovation and developing global best practices, and our finance teams are always looking for opportunities to use new technologies to enhance our operations. We look forward to working together and implementing more cutting-edge treasury solutions with Citi as our global partner.”

“We are delighted to continue to partner with Etihad on this transformation journey. We have a longstanding relationship with the airline, having been its cash management bank in more than 40 countries over the past 5+ years,