Etihad Unveils $7 Billion Investment Plan, Will Retrofit Boeing 777s

Etihad Airways has announced a $7 billion investment plan aimed at doubling the size of the airline by 2030. Speaking with CNBC, CEO Antonoaldo Neves revealed that passengers can expect significant changes over the next two to three years, including a fleet expansion and enhanced services.

The investment will focus on retrofitting the airline’s existing Boeing 777 aircraft, starting in 2026, as well as purchasing new planes. Neves highlighted challenges in the global aviation market, noting that limited availability of new planes has made upgrading the current fleet a priority. Etihad plans to increase its fleet from 92 to 170 aircraft by the end of the decade.

Additionally, the airline will improve passenger experience by adding more business class seats and upgrading in-flight Wi-Fi. The expanded fleet will allow Etihad to offer more convenient flight times for passengers traveling to Europe and Southeast Asia.

This investment comes amid growing speculation of a possible initial public offering (IPO) in 2025. While no decision has been made on the timing, Neves emphasized the importance of being ready to access capital markets to support future growth.

Etihad’s competitive position has already been strengthened by the opening of Abu Dhabi’s new terminal last year, with the airline currently operating over 100 daily flights.

Sources: AirGuide Business airguide.info, bing.com, cnbc.com