Company Insights Etihad Airways Aviation Etihad Airways News Aviation ADQ taps banks for Etihad Airways’ potential listing ADQ, the UAE’s sovereign wealth fund, has tapped advisers, including Citigroup, HSBC Holdings and First Abu Dhabi Bank, for a potential initial public offering of Etihad Airways. Rothschild & Co. will act as an independent financial adviser, Bloomberg reported, citing informed sources. The fund may add more banks later, they said. In 2022, Abu Dhabi’s […] March 8, 2024 Aviation Etihad posts soaring net profit and anticipates IPO Abu Dhabi’s Etihad Airways grew its net profit more than fivefold to AED525 million ($143 million) in 2023, helped by a 40 percent increase in passengers and AED20.3 billion ($5.5 billion) of revenues. The emirate’s state-owned airline gave staff a heads-up about its 2023 financial performance in an internal memo sent on January 25, AGBI […] March 6, 2024 Aviation Aviation spends billions on IT to improve experience The aviation sector invested billions into IT in 2023, as companies sought to improve passenger experience, according to a new industry report. Global airports increased their IT spending by 23 percent year on year to almost $11 billion last year, while airlines upped spending by 15 percent to $34 billion, according to the 2023 Air […] March 4, 2024 Finance ADQ explores potential listing of Etihad Airways ADQ, the UAE’s sovereign wealth fund, is considering a potential listing of Etihad Airways, making it the first publicly traded airline in the GCC. The fund has held discussions with banks on a possible floatation deal as soon as this year, Bloomberg reported, citing a source familiar with the deal. ADQ has been weighing the […] March 3, 2024 Aviation Passengers pay for aviation’s sustainability shortcomings Penalties imposed on the aviation industry for failing to meet stringent sustainability targets will ultimately lead to higher air fares for passengers, according to an industry expert. “The customer is going to pay the extra cost,” said Wahab Teffaha, secretary general of the Arab Air Carriers’ Organization, speaking at the 11th annual Arab Aviation Summit […] February 29, 2024 Analysis Trade Modi’s UAE visit ‘adds to execution of deals’ Indian prime minister Narendra Modi deftly blended politics and commerce last week as he opened the Middle East’s largest Hindu temple on a visit to the UAE, a Muslim state that is home to 3.5 million Indian expatriates and a major trading ally. The temple’s inauguration was widely covered in Indian media, while tens of […] February 19, 2024 Exclusive Aviation Etihad outsources flights as airlines grapple with jet shortage Etihad Airways has engaged charter airlines to operate its flights on at least two key routes, as it accelerates the expansion of its network. Spanish carrier Wamos Air is operating two wide-bodied Airbus A330 jets under Etihad flight numbers on the Abu Dhabi-Jakarta route, while Hi Fly Malta is deploying an Etihad-numbered A330 on daily […] February 15, 2024 EXCLUSIVE Aviation Etihad predicts ‘remarkable’ year after profitable 2023 Etihad Airways has told staff that it made a profit last year, helped by “milestone” revenues of $5.5 billion, and is expecting a “remarkable” performance in 2024, AGBI has learned. In an internal memo sent on January 25, which followed a presentation by chief executive Antonoaldo Neves, the company predicted that revenues would reach $6.5 […] February 13, 2024 Food & Drink Air corridor for Abu Dhabi aims to support food security Abu Dhabi is planning to establish an air corridor for perishable goods in a bid to develop new trade routes and support the UAE’s food security efforts. Etihad Cargo, Abu Dhabi Airports and Abu Dhabi Food Hub – Kezad have signed a tri-party memorandum of understanding. Abu Dhabi Food Hub is the country’s first dedicated […] February 5, 2024 Logistics Air cargo demand rises after Red Sea shipping disruption Middle East airlines posted an 18.3 percent annual increase in air cargo demand in December, in line with strong global growth attributed to Red Sea disruption. Global demand for air cargo was up 10.8 percent compared with December 2022 – the strongest performance in two years, according to the International Air Transport Association (IATA). The […] February 4, 2024 Posts navigation Previous 1 … 7 8 9 … 19 Next
Aviation ADQ taps banks for Etihad Airways’ potential listing ADQ, the UAE’s sovereign wealth fund, has tapped advisers, including Citigroup, HSBC Holdings and First Abu Dhabi Bank, for a potential initial public offering of Etihad Airways. Rothschild & Co. will act as an independent financial adviser, Bloomberg reported, citing informed sources. The fund may add more banks later, they said. In 2022, Abu Dhabi’s […] March 8, 2024
Aviation Etihad posts soaring net profit and anticipates IPO Abu Dhabi’s Etihad Airways grew its net profit more than fivefold to AED525 million ($143 million) in 2023, helped by a 40 percent increase in passengers and AED20.3 billion ($5.5 billion) of revenues. The emirate’s state-owned airline gave staff a heads-up about its 2023 financial performance in an internal memo sent on January 25, AGBI […] March 6, 2024
Aviation Aviation spends billions on IT to improve experience The aviation sector invested billions into IT in 2023, as companies sought to improve passenger experience, according to a new industry report. Global airports increased their IT spending by 23 percent year on year to almost $11 billion last year, while airlines upped spending by 15 percent to $34 billion, according to the 2023 Air […] March 4, 2024
Finance ADQ explores potential listing of Etihad Airways ADQ, the UAE’s sovereign wealth fund, is considering a potential listing of Etihad Airways, making it the first publicly traded airline in the GCC. The fund has held discussions with banks on a possible floatation deal as soon as this year, Bloomberg reported, citing a source familiar with the deal. ADQ has been weighing the […] March 3, 2024
Aviation Passengers pay for aviation’s sustainability shortcomings Penalties imposed on the aviation industry for failing to meet stringent sustainability targets will ultimately lead to higher air fares for passengers, according to an industry expert. “The customer is going to pay the extra cost,” said Wahab Teffaha, secretary general of the Arab Air Carriers’ Organization, speaking at the 11th annual Arab Aviation Summit […] February 29, 2024
Analysis Trade Modi’s UAE visit ‘adds to execution of deals’ Indian prime minister Narendra Modi deftly blended politics and commerce last week as he opened the Middle East’s largest Hindu temple on a visit to the UAE, a Muslim state that is home to 3.5 million Indian expatriates and a major trading ally. The temple’s inauguration was widely covered in Indian media, while tens of […] February 19, 2024
Exclusive Aviation Etihad outsources flights as airlines grapple with jet shortage Etihad Airways has engaged charter airlines to operate its flights on at least two key routes, as it accelerates the expansion of its network. Spanish carrier Wamos Air is operating two wide-bodied Airbus A330 jets under Etihad flight numbers on the Abu Dhabi-Jakarta route, while Hi Fly Malta is deploying an Etihad-numbered A330 on daily […] February 15, 2024
EXCLUSIVE Aviation Etihad predicts ‘remarkable’ year after profitable 2023 Etihad Airways has told staff that it made a profit last year, helped by “milestone” revenues of $5.5 billion, and is expecting a “remarkable” performance in 2024, AGBI has learned. In an internal memo sent on January 25, which followed a presentation by chief executive Antonoaldo Neves, the company predicted that revenues would reach $6.5 […] February 13, 2024
Food & Drink Air corridor for Abu Dhabi aims to support food security Abu Dhabi is planning to establish an air corridor for perishable goods in a bid to develop new trade routes and support the UAE’s food security efforts. Etihad Cargo, Abu Dhabi Airports and Abu Dhabi Food Hub – Kezad have signed a tri-party memorandum of understanding. Abu Dhabi Food Hub is the country’s first dedicated […] February 5, 2024
Logistics Air cargo demand rises after Red Sea shipping disruption Middle East airlines posted an 18.3 percent annual increase in air cargo demand in December, in line with strong global growth attributed to Red Sea disruption. Global demand for air cargo was up 10.8 percent compared with December 2022 – the strongest performance in two years, according to the International Air Transport Association (IATA). The […] February 4, 2024
