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