Dubai: At the 28th Arabian Travel Market, hosted in Dubai, Etihad Airways CEO Antonaldo Neves said that the airline is in the process of selecting 20-22 airplanes to be added in 2025.
This is subsequent to the company's strategic target to increase to over 170 aircraft for the year 2030. Neves had announced to the attendees that despite the possibility of late deliveries, Etihad was still on track to carry out the long-term growth goals.
This massive increase of air fleet congruent to the multiple initiatives made by Abu Dhabi to ameliorate diversions from oil revenues in agreement to the goals of Etihad Airways. Another focus is put on its global expansion scheme by assuring flights in more than 125 airports by 2030.
It is the time when Etihad is scratching itself to become the mainstay heavy in the worldwide airline industry, including the UAE seizing its quest to become a massive hub in the international travel sector.
Etihad Airways is owned by Abu Dhabi's state wealth fund, ADQ, with an estimated value of $225 billion. The company's ability to expand its fleet is in line with a broader strategic vision for the future of Abu Dhabi. The disclosure is also about the airline, which is due for an initial public offering (IPO) during the week—a bell ringing announcement that the company is prowling other possible avenues of growth and further capital.
In all, Etihad Airways, with plans of updates in their aircraft and their networks, is forecasting long-term success despite the issue with delays in the delivery of planes in aviation. As the airline is gradually placing its footing back in order, it is a bold step towards Abu Dhabi's efforts to diversify its economy and push forward great global competition enhancements.
[Source Credit: Business Recorder]
