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Etihad Airways reveals $7 billion investment plan
  + stars: | 2024-09-25 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEtihad Airways reveals $7 billion investment planAntonoaldo Neves, Etihad Airway CEO, speaks to CNBC's Dan Murphy about Etihad Airways $7 billion investment plan aimed at doubling the size of the airline by 2030.
Persons: Antonoaldo Neves, CNBC's Dan Murphy Organizations: Etihad Airways, Etihad
Etihad Airways on Wednesday revealed a $7 billion investment plan over the next five years in a bid to "double the size of the airline until 2030." Speaking to CNBC's Dan Murphy, Etihad's Group Chief Executive Officer Antonoaldo Neves revealed passengers should expect "a totally different airline" within the next two to three years. Much of the $7 billion will go into revamping its existing fleet of planes, as well as the purchase of new aircraft further down the line, he said. But Neves is aiming for the skies, with the hope of having up to 170 planes by the end of the decade. Neves said Etihad will begin retrofitting and revamping "dated" Boeing 777 planes from 2026 onward, this is due to what he described as "the constraints that we have in the global aviation market."
Persons: CNBC's Dan Murphy, Antonoaldo Neves, Abu, Neves Organizations: Etihad Airways, Etihad's, Etihad, Boeing, United Arab Locations: Abu Dhabi, Europe, Southeast Asia, United Arab Emirates
Can Boeing get back to its glory days?
  + stars: | 2024-07-18 | by ( Leslie Josephs | ) www.cnbc.com   time to read: +17 min
Then on Jan. 5, about six minutes and 16,000 feet into a packed flight out of Portland, Oregon, a door plug blew out of a nearly new Boeing 737 Max 9. The Federal Aviation Administration barred Boeing from increasing output of its Max planes and stepped up hands-on inspections at production plants. The 737 was dubbed "Baby Boeing" and went on to become the company's bestseller, helping to make Boeing the largest U.S. exporter. Pilots in those Boeing planes fought against a flight-control system, the Maneuvering Characteristics Augmentation System, that pushed the nose of the planes downward repeatedly. Boeing has said it aims to increase rates to about 50 Max planes a month in the next few years.
Persons: Joshua Roberts, Max, AeroSystems, Sen, Richard Blumenthal, Conn, Dave Calhoun, Boeing hasn't, Brian West, Aengus Kelly, Bob Jordan, I'm, Antonoaldo Neves, Calhoun, Steve Mollenkopf, Pat Shanahan, Donald Trump, Barack Obama, AerCap's Kelly, Mulugeta Ayene, we've, NASA —, Scott Kirby, McDonnell Douglas, Rob Spingarn, Kirby, Spirit Aerosystems, William Campbell, it's, It's, Howard McKenzie, Kevin Lamarque, Goldman Sachs, Noah Poponak, Alex Krutz Organizations: American Airlines Boeing, Reagan National, FAA, Reuters Boeing, Wall, Boeing, Justice Department, Alaska Airlines, National Transportation Safety Board, NTSB, Via Reuters Industry, Farnborough, Federal Aviation Administration, Airbus, JPMorgan, Etihad Airways, General Electric, Blackstone, Qualcomm, Lion, Ethiopian Airlines, Pilots, Justice, Reuters, NASA, Lion Air, CNBC, Research, Max, Spirit, Corbis, Jefferies, DOJ, Senate Homeland Security, Governmental Affairs, Capitol, Patriot Industrial Partners Locations: Los Angeles, United States, Washington , U.S, Portland , Oregon, Alaska, U.S, Maldives, Wall, United Kingdom, Boeing's, Emirates, Southwest, United, Indonesia, Addis Ababa, Bishoftu, Debre Zeit, Ethiopia, BOZEMAN , MT, Wichita , Kansas, Bozeman, Bozeman , Montana, Seattle, Chicago, Arlington , Virginia, Wichita, South Carolina, Washington
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEtihad Airways CEO says he's not concerned about Boeing's safety standardsAntonoaldo Neves, Etihad Airways CEO, says the airline is "not really" considering any alternatives, adding that "we really trust" the Boeing 787.
Persons: he's, Antonoaldo Organizations: Etihad Airways, Antonoaldo Neves, Boeing
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAbu Dhabi’s Etihad Airways is gearing up for a potential IPO, CEO saysEtihad Airways CEO Antonoaldo Neves says the company must be ready to IPO whenever shareholders believe it is the right time to do so.
Persons: Antonoaldo Neves Organizations: Abu Dhabi’s Etihad Airways, Etihad Airways
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEtihad Airways CEO says he would like to cut costs by $100-150 million each yearEtihad Airways CEO Antonoaldo Neves tells CNBC's Dan Murphy that the airline saved more than $150 million in contract renegotiation and managed to block the effect of inflation in the cost lead sheet last year.
Persons: Antonoaldo Neves, CNBC's Dan Murphy Organizations: Etihad Airways, renegotiation
Abu Dhabi's Etihad Airways is gearing up for a potential initial public offering after increasing revenue in 2023 on the back of a 40% boost in passenger numbers. Asked about a possible listing, Etihad Airways Group CEO Antonoaldo Neves told CNBC on Tuesday, "I'm working to be ready, whenever it's the time." Talk of an IPO has been swirling after it was reported that ADQ, the Abu Dhabi-based investment company that owns Etihad Airways, was in discussions with banks about going public as soon as this year. "It's not for me to confirm the shareholder decisions," Neves said, while also signaling efforts to prepare the airline. If it materializes, an IPO would enable Etihad to tap capital markets to fund future growth and expansion plans.
Persons: Abu, Antonoaldo Neves, Neves, ADQ, Raffael Quintas Organizations: Abu Dhabi's Etihad Airways, Etihad Airways Group, CNBC, Etihad Airways, Etihad, Emirates, Portuguese, TAP, Azul Airlines Locations: Abu Dhabi, Dubai, New York, Azul
Does the UAE need two major air carriers?
  + stars: | 2024-02-23 | by ( Dan Murphy | ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDoes the UAE need two major air carriers? CNBC's Dan Murphy sits down with Antonoaldo Neves, CEO of Etihad Airways and asks whether the UAE needs both Emirates and Etihad?
Persons: Dan Murphy, Antonoaldo Neves Organizations: Etihad Airways, Emirates, Etihad Locations: UAE
Tour Etihad’s newest plane with the airline’s CEO
  + stars: | 2024-02-23 | by ( Dan Murphy | ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTour Etihad’s newest plane with the airline’s CEOAntonoaldo Neves, CEO of Etihad Airways, gives CNBC's Dan Murphy an exclusive tour inside the airline's latest plane, the 787-9 Dreamliner.
Persons: Antonoaldo Neves, Dan Murphy Organizations: Etihad Airways
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEtihad CEO: This is how we are going to deliver future profitsCNBC's Dan Murphy sits down with Antonoaldo Neves, CEO of Etihad Airways, to discuss the airline's performance and future prospects.
Persons: CNBC's Dan Murphy, Antonoaldo Neves Organizations: Etihad, Etihad Airways
Etihad Airways CEO: Competition is very much welcomed
  + stars: | 2023-11-13 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEtihad Airways CEO: Competition is very much welcomedAntonoaldo Neves, Etihad Airways CEO, speaks to CNBC's Dan Murphy about competition in the region.
Persons: Antonoaldo Neves, CNBC's Dan Murphy Organizations: Etihad Airways
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThere is no reason why aviation should not grow at least 10% per year: Etihad CEOThere is no reason why aviation should not grow at least 10% per year, Etihad CEO Antonoaldo Neves tells CNBC’s Dan Murphy.
Persons: Antonoaldo Neves, CNBC’s Dan Murphy Organizations: Etihad
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