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Etihad Airways

Etihad Airways News

Qatar Airways' commitment to expansion is evidenced by its recent 25 percent investment in Virgin Australia

Qatar Airways strives to avoid Etihad’s mistakes

Like Etihad before it, Qatar Airways is expanding by buying stakes in other airlines. The Abu Dhabi carrier’s acquisition strategy ended badly, however. Three airlines in which it invested went bust and it lost $1.87 billion in one year alone in 2016. Qatar Airways may have better luck, analysts say. The state-owned carrier, which started […]

Airbus is considering establishing maintenance, repair and overhaul facilities for the A400M in the UAE

Airbus weighs production of military aircraft parts in UAE

European planemaker Airbus is exploring the possibility of manufacturing components and setting up a maintenance facility for the A400M, a military transport aircraft, in the UAE. The plan includes integrating local entities – including EPI, part of defence company Edge Group, and Strata, a subsidiary of Abu Dhabi investment vehicle Mubadala – into the A400M’s global aerospace […]

People, Person, Adult

Etihad Airways delays $1bn IPO launch to next month

Abu Dhabi’s Etihad Airways will push back its planned $1 billion initial public offering (IPO) until at least next month, after the Eid Al Fitr holiday, two people with knowledge of the matter said. Etihad had not officially announced a date for its IPO, but sources had told Reuters that the airline would make an announcement […]

Passengers board an Etihad Airways airplane at Abu Dhabi; the airline plans to carry 33 million passengers by the end of the decade

Etihad IPO likely to attract ‘significant’ investor interest

Abu Dhabi-owned Etihad Airways is likely to attract “significant” investor interest if and when it sells shares in an initial public offering expected in March in the first Gulf Arab airline IPO in almost 20 years, analysts have said. Owned by Abu Dhabi sovereign wealth fund ADQ, the airline may raise as much as $1 […]

Airport, Aircraft, Takeoff

Emirates explores more China destinations

Emirates intends to fly to more cities in China this year. The airline plans to start daily flights to Shenzhen using Boeing’s widebody 777 jets by mid-year, Bloomberg said, citing informed sources. The launch date has been postponed multiple times due to delivery delays from Boeing and Airbus and a retrofit programme, the sources said. In addition, […]

Aircraft, Airliner, Airplane

SalamAir to expand fleet as budget travel demand rises

SalamAir, Oman’s first low-cost airline, plans to expand its fleet with 10 new aircraft over the next three years amid a rising surge in budget travel, the company said in a statement. The airline has formally requested 10 Airbus A320 aircraft with multiple leasing companies to support its growth strategy over the coming five years, […]

Analysts hope to see more companies listing in both Dubai and Saudi Arabia in the future

More dual listings expected as IPO trend continues

Last year, eight companies launched initial public offerings (IPO) on the two main stock exchanges in the UAE, attracting more than $7 billion in investment. The same number could float this year and list in neighbouring Saudi Arabia, analysts say. UAE-based technology company Alpha Data has already announced plans to list 40 percent of its […]

Etihad's profit growth came on the back of almost $6 billion in passenger revenue

Etihad Airways’ profit more than triples to almost $500m

Etihad Airways’ net profit more than tripled last year to $476 million, the company said on Wednesday as the carrier pushes ahead with plans for an initial public offering. The earnings were boosted by $5.7 billion in passenger revenue and $1.1 billion in cargo revenue, the company said, also citing “significant operational efficiency improvements”. “Looking […]