• Etihad Airways is set to launch an initial public offering (IPO) on the Abu Dhabi Stock Exchange, aiming to sell up to 20% of its shares and raise approximately $1 billion. This move marks a significant step for the airline, which is owned by the Abu Dhabi sovereign wealth fund, as it seeks to diversify its capital sources and enhance its market presence. The CEO, Antonoaldo Neves, emphasized the importance of accessing various capital sources for growth and competitiveness in the aviation sector, especially as the company plans to invest heavily in fleet renewal and expansion.

• The IPO comes amid a broader trend in the Gulf region, where governments are encouraging companies to go public to diversify their economies away from oil dependency. The airline industry is experiencing a resurgence in demand post-pandemic, and Etihad's strong financial performance, with a reported 66% increase in profits in the first nine months of the year, positions it well for this public offering. The anticipated capital influx will support its ambitious plans to modernize its fleet and expand operations, potentially making it a key player in the competitive aviation market.