Abu Dhabi's Etihad Airways aims to announce the launch of a $1 billion initial public offering this week, two sources told Reuters, in what would be the first IPO of a major Gulf airline in nearly two decades.

Etihad Airways is set to announce a landmark AED 3.67 billion (USD 1 billion) initial public offering (IPO) this week, marking a significant milestone in the airline's history. The offering, which involves selling a 20% stake in the company, comes at a time when the carrier has demonstrated strong financial performance and ambitious growth plans.

Abu Dhabi's Etihad Airways more than tripled net profit last year to $476 million, the company said on Wednesday as the carrier pushes ahead with plans for an initial public offering (IPO).

Etihad Airways saw its net profit soar to $476 million last year, more than tripling its earnings as the airline continues its post-pandemic recovery and prepares for potential public listing

Abu Dhabi’s Etihad Airways aims to announce the launch of a $1bn initial public offering this week, two sources told Reuters, in what would be the first IPO of a major Gulf airline in nearly two decades.

Etihad Airways is reportedly planning a $1 billion IPO following a Dh1.7-billion profit in 2024. Discover how this move could shape the future of the UAE's national airline.