Etihad Airways is seeking an investor for up to a 20pc stake, with plans for an initial public offering (IPO) that could raise $1bn, marking the first Gulf carrier IPO in 17 years.
The airline aims to go public as early as the first quarter of 2025, targeting both domestic and international investors, with its sole owner being Abu Dhabi’s ADQ.
In a recent announcement, Etihad Airways reported a record annual profit of AED 1.7bn (USD 476m) for 2024, alongside a 32pc increase in passenger numbers from 14m in 2023 to 18.5m in 2024.
Other regional airlines, like Saudi Arabia’s flynas and Qatar Airways, may also consider ownership changes and potential listings, following Jazeera Airways’ last stock market entry in 2008.
