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Etihad Puts IPO on Hold as It Plans to Self-Fund $20 Billion Expansion

The listing decision rests with shareholder ADQ.

Overview

  • CEO Antonoaldo Neves told Reuters the airline is prepared for an IPO but said the time has not come yet and no timeline is set.
  • Management is prioritizing organic growth through Abu Dhabi’s hub, with mergers and acquisitions excluded from its current mandate.
  • Etihad reported a 17% year-on-year rise in passenger traffic and an 88% load factor, with bookings rebounding by late July after a regional conflict slowdown.
  • The carrier confirmed an order for 28 Boeing wide-bodies, including 777X jets slated to arrive after 2030 to replace its Airbus A380 fleet.
  • Near-term capacity could come from lessors or the secondary market as the airline looks beyond direct orders with manufacturers.