On Friday, Etihad Airways announced a significant investment in its future by placing an order for 28 wide-body Boeing aircraft equipped with GE engines. This decision underscores the airline's ongoing commitment to aligning its fleet with the evolving demands of its network and operational needs. The Abu Dhabi-based airline has indicated that these new aircraft are expected to join its fleet starting in 2028.
The White House revealed that the deal includes a commitment from Etihad to invest approximately $14.5 billion, aimed at acquiring 28 Boeing 787 and 777X aircraft powered by GE engines. While both Boeing and GE have yet to comment on this announcement, the investment marks a significant step in enhancing the airline's operational capabilities.
By incorporating the next-generation 777X into its fleet strategy, Etihad's investment further strengthens the longstanding commercial aviation partnership between the United Arab Emirates and the United States. This collaboration is poised to fuel American manufacturing and drive exports, as highlighted by the White House.
Currently, Etihad operates a fleet of around 100 aircraft. CEO Antonoaldo Neves recently shared plans to add between 20 to 22 new aircraft in the current year, with an ambitious goal of expanding the fleet to over 170 planes by 2030. This expansion is part of a broader strategy to boost Abu Dhabi's economic diversification.
As part of its expansion plans, Neves mentioned that 10 of the new aircraft for this year would be Airbus A321LRs, which the carrier launched on Monday and is set to begin operating in August. The remaining aircraft will consist of six Airbus A350s and four Boeing 787s.
In related news, Boeing recently secured its largest deal for wide-body airplanes when Qatar Airways finalized orders for 160 jetliners and options for an additional 50, during a visit by former President Trump to the Gulf Arab nation, valued at approximately $96 billion, according to the White House.
This substantial investment by Etihad Airways not only signifies a pivotal moment for the airline but also highlights the dynamic and evolving landscape of the global aviation industry.
