Etihad Airways is preparing for possible IPO: CEO
Abu Dhabi's Etihad Airways, after posting net profits for 2022 and 2023, is considering an initial public offering (IPO) as part of its improved transparency and governance. CEO Antonoaldo Neves, appointed after Abu Dhabi wealth fund ADQ took over the airline, confirmed efforts to prepare for a potential IPO, aligning with ADQ's strategy to list portfolio companies. While Etihad focuses on enhancing efficiency and profitability, its future IPO remains subject to ADQ's decision. With passenger numbers rising and strategic route adjustments, Etihad aims to triple passengers and double its fleet by 2030, marking a significant turnaround from its previous losses and downsizing efforts.
Etihad Airways Gears Up for Potential IPO Amid Profit Recovery
Abu Dhabi's Etihad Airways is set to explore the possibility of going public following consecutive years of net profits, marking a significant shift from its previous financial challenges. Under the leadership of CEO Antonoaldo Neves, appointed after the airline's acquisition by Abu Dhabi wealth fund ADQ, Etihad is enhancing its operational efficiency and financial transparency to align with ADQ's broader economic diversification goals. While an IPO is under consideration, Etihad remains focused on its strategic growth plans, aiming to expand its passenger base and fleet size over the next decade.
By: Sahiba Suri
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