Security minister Muhwezi named in leaked Pandora papers
observer.ug - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from observer.ug Daily Mail and Mail on Sunday newspapers.
Security minister Muhwezi named in leaked Pandora papers
observer.ug - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from observer.ug Daily Mail and Mail on Sunday newspapers.
Seychelles pays $1 to acquire Etihad’s stake in its flag carrier
0 Comments
Get daily business news from the region delivered straight to your inbox
I agree to the terms and conditions
SIGN UP
Etihad accepted a 79 per cent haircut on $72.3m of debt owed by Air Seychelles Ltd
May 2, 2021
Seychelles said it repurchased Etihad Airways’ 40 per cent stake in its flag carrier for $1, ousted its board and began restructuring the airline’s debt.
Etihad accepted a 79 per cent haircut on $72.3m of debt owed by Air Seychelles Ltd., Patrick Payet, secretary of state at the nation’s finance ministry, said in an emailed response to queries. The government also offered to pay $20m to bondholders with $71.5m of debt outstanding, Payet said.