Etihad Airways and its international cash management bank partner Citi have successfully completed a project six months ahead of schedule to introduce new automated treasury tools at the airline.

The 18-month project saw Etihad Airways implement Citi’s Liquidity Management solution across its international network to achieve substantial cash optimisation and competitive market rates resulting in significant transaction cost savings.

The project completion was marked at a ceremony attended by Emre Karter, Citi’s head of Treasury and Trade Solutions for the Middle East, North Africa, Pakistan and Turkey; Ebru Pakcan, Citi’s regional head of Treasury and Trade solutions for Europe, Middle East and Africa; Ricky Thirion, Etihad Aviation Group interim group chief financial officer; and Adam Boukadida, Etihad Aviation Group acting group treasurer. - TradeArabia News Service