Etihad Airways welcomes 20 million passengers and over 100 aircraft
Etihad's fleet reaches more than 100 aircraft.
Abu Dhabi, UAE – Etihad continues to soar with a record-breaking year, reaching new milestones for the first time in the airline's history.
Antonoaldo Neves, Chief Executive Officer at Etihad Airways, commented, 'The last 12 months have seen Etihad flying high, breaking records and achieving new milestones at an astonishing rate. Following a record Q1, with AED 685 million profit and our highest ever customer satisfaction scores, Etihad has now welcomed more than 20 million guests in the last year, for the first time in the airline's history.
'We continue our upward trajectory as part of a broader growth story that has seen our annual passenger numbers more than double from 10 million to 20 million in just two and a half years. This sustained growth is driven by expanding demand, a dynamic global network, and a clear strategic focus.' He added, 'We are the only airline in the region growing at this pace and we have no intention of slowing down. 2025 is proving to be our biggest year yet.'
To celebrate flying 20 million passengers across the world, Etihad surprised one lucky couple travelling from New Delhi to visit their daughters in Toronto with a series of surprises. Mr and Mrs Chopra were surprised with upgrades throughout their trip which began with a lie-flat Business class experience on Etihad's A350 from New Delhi to Abu Dhabi. 'We have never travelled in Business or First before […] It's a lifetime experience – a once in a lifetime achievement [for us]!' exclaimed Mr Chopra.
When they touched down at Zayed International, the couple were delighted with an upgrade to Etihad Guest's Gold tier status at the First Lounge by Mark Potter, Managing Director of Etihad Guest. Saving the best for last, Mr and Mrs Chopra were gifted upgrades to The Residence, Etihad's unique three-room suite in the sky, on their A380 flight from Abu Dhabi to Toronto. 'Oh wow – thank you very much! This is an excellent surprise, unforgettable! Thank you, Etihad – we feel like celebrities right now, thank you!' The couple shared as they were welcomed in to The Residence by crew.
Achieving another milestone, Etihad has introduced three more aircraft into its expanding fleet, bringing the operational fleet size to more than 100 aircraft. The airline welcomed back its seventh Airbus A380 to service and received a brand-new Boeing B787-9 delivered from Charleston, US, with an all-Emirati flight crew. Etihad also received the first of three brand-new Airbus 350-1000s delivered today (18 July).
Boasting one of the youngest aircraft fleets in the industry, Etihad continues to make strategic investments to meet the overwhelming demand from guests. The airline is expecting to receive 18 additional new aircraft in 2025, including the delivery of its new A321LR fleet which will enter into service from 1 August. Refining luxury, the new A321LR fleet will offer First Suites, fully lie-flat Business seats, 4K screens and high-speed super Wi-Fi in all cabins, allowing guests to stay connected via messages, calls and stream while in the air. Earlier this year, Etihad announced the order of 28 wide-body aircraft from Boeing to support its plans for growth and connectivity, operational efficiency and guest experience.
Following the airline's recent announcement of seven additional destinations, Etihad will have added 27 new routes this year, a remarkable milestone that reflects its ambition and commitment to increase the number of visitors to Abu Dhabi. Flying to almost 90 destinations worldwide by the end of 2025, leveraging its strategic geographical advantage connecting Europe and Asia, this expansion is part of Etihad's ongoing strategy to support the economic growth of Abu Dhabi.
These achievements are a huge step toward the goals the Etihad set out in its ambitious growth strategy which would see the network grow to more than 125 destinations, fleet to more than 170 aircraft, and passenger numbers to 38 million per year, by 2030. With rapid growth in every direction, the airline is set to exceed the expectations of its seven-year growth plan, a reflection of demand and extraordinary customer satisfaction. Etihad's success is a reflection of Abu Dhabi's strong aviation sector which continues to demonstrate robust growth and strategic momentum, underscoring its position as a leading global gateway for passengers and cargo.
About Etihad Airways
Etihad Airways, the national airline of the UAE, was formed in 2003 and quickly went on to become one of the world's leading airlines. From its home in Abu Dhabi, Etihad flies to passenger and cargo destinations in the Middle East, Africa, Europe, Asia, Australia, and North America. Together with Etihad's codeshare partners, Etihad's network offers access to hundreds of international destinations. In recent years, Etihad has received numerous awards for its superior service and products, cargo offering, loyalty programme and more.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Fintech News ME
24 minutes ago
- Fintech News ME
United Arab Bank Partners with Lune for Data-Driven Mobile Banking
United Arab Bank (UAB) has entered into a partnership with Lune, a UAE-based fintech company specialising in AI-driven transaction enrichment and financial data analytics. The collaboration aims to support UAB's upcoming mobile banking platform by enabling data-driven and personalised customer experiences. Through Lune's technology, UAB will convert raw transaction data into clearer financial insights via a simplified interface. The solution is intended to enhance transparency and support customers in making informed financial decisions. Features will include personalised recommendations, contextual offers, and financial planning tools delivered through conversational interfaces. Commenting on the partnership, , Head of Retail Banking at UAB, said: 'While the underlying technologies have existed for some time, we at UAB were not entirely convinced about the maturity of the outcomes, until now. Partnering with Lune, a homegrown fintech with deep expertise in the UAE's payment ecosystem and cutting-edge technologies, gives us confidence in delivering the enriched digital experience our customers expect.' Helal Tariq Lootah, Co-Founder and Co-CEO of Lune, added: 'We're delighted to be working with United Arab Bank. This collaboration reflects our shared commitment to innovation, customer empowerment, and building a stronger, data-driven financial future.' The partnership aligns with UAB's broader digital transformation agenda and its continued efforts to work with fintechs to improve banking services.
Zawya
24 minutes ago
- Zawya
Foreign portfolio investors return as Egypt's financial health improves
Despite receiving a reprimand from the IMF over delays in its privatisation programme, Egypt continues to draw strong interest from foreign portfolio investors. This is reflected in the $15 billion of inflows into local debt markets—particularly EGP-denominated treasury bills and bonds—since the flotation of the Egyptian pound in March 2024. These instruments offer high yields and are relatively insulated from foreign exchange risk. Investor sentiment toward Egypt has remained broadly positive in recent months, supported by a stronger foreign reserves position, the UAE's $35 billion investment in Ras El-Hekma, and progress on the IMF-backed reforms. Within the broader emerging markets (EM) allocation context, Egypt stands out as a relatively favourable trade. This is partly due to domestic developments but also reflects global macro trends. Two key shifts have worked in Egypt's favour since the onset of tariff tensions earlier this year: -A weaker US dollar, which typically boosts capital flows into EMs. -Lower oil prices, which benefit Egypt as a net energy importer. 'We maintain a positive fundamental credit view on Egypt,' said Fady Gendy, Portfolio Manager at Arqaam Capital. 'The country enjoys strong backing from bilateral partners, and there are potential new deals in the pipeline. For instance, Qatar and Kuwait may convert their central bank deposits into direct investments, alongside fresh inflows.' Investor confidence has also been buoyed by the IMF's fifth and sixth combined review of Egypt's support programme, as well as support from the EU and World Bank. However, the pace of privatisation of state assets remains a key concern, as it is central to the IMF program and critical for fiscal consolidation. On the hard currency side, Egypt's eurobonds have rallied significantly since the April 2 sell-off—triggered by US tariff reforms and the brief Israel-Iran conflict. 'Following the rally, yields have dropped, and Egypt now appears expensive—both historically and relative to similarly rated EM peers like Bahrain, Jordan, and some African sovereigns. We're waiting for more attractive entry points,' Gendy added. Dual strategy Meanwhile, foreign investors remain active in the local currency market, particularly in short-term EGP-denominated instruments, which offer net yields above 20%. These instruments are attractive due to their short duration and limited interest rate sensitivity. 'We view these as high-yielding, short-term carry trades. Entering now—before the Central Bank of Egypt (CBE) resumes its rate-cutting cycle—offers the potential to lock in gains, especially by extending into longer-dated bonds,' Gendy said. The CBE, which cut overnight interest rates in April and May for the first time in over five years, has since paused. However, markets anticipate up to 300 basis points (bps) of rate cuts in the second half of the year. As a result, foreign investors are pursuing a dual strategy: investing in short-term treasury bills (3, 6, and 12 months) to capture current high yields of 20–22%, while also positioning in 3- and 5-year bonds to benefit from potential price appreciation as rates decline. Mohamed Abu Basha, Head of Macroeconomic Analysis, at EFG Hermes, noted that while there were significant outflows during the Israel-Iran tensions, these have been fully reversed and that market has actually seen net inflows since the ceasefire was reached. 'With the Finance Ministry increasing its issuances, and the CBE slowing its pace of easing, yields have edged up slightly—by 40bps on average for short-end of the curve and 14bps for the longer end. When foreign participation in auctions dips, local investors typically tend to push for higher returns,' Abu Basha told Zawya. Foreign investors currently hold an estimated 25–30% of Egypt's local currency debt, according to Abu Basha. Looking ahead, tangible progress on privatization will be crucial—especially as Egypt aims to become a regular issuer in international markets, targeting $3–4 billion in annual issuance. 'While the lack of progress may not immediately impact the debt market, it's a key risk we're monitoring. Delays in asset sales could trigger a domino effect,' Gendy warned. 'Foreign investors have continued to add to their positions, and the EGP has appreciated. That seems to reflect confidence in Egypt's reserve position, especially after last year's Ras El Hekma deal as well as more recent improvement in the current account balance,' Basha said. Egypt plans to raise EGP 3.2 trillion ($65 billion) in the domestic debt market in FY 2025/26, up from EGP 2.7 trillion in the previous fiscal year, as the government seeks to refinance maturing debt and plug its fiscal deficit. (Reporting by Brinda Darasha; editing by Seban Scaria)
Zawya
24 minutes ago
- Zawya
UAE's Multiply Group acquires 67% stake in Spain's Tendam for $1.5bln
Abu Dhabi-based Multiply Group has completed the acquisition of a majority stake in Spanish clothing giant Tendam for AED 5.6 billion ($ 1.5 billion), marking its big entry into the European market. The acquisition of 67.91% interest, which is seen to significantly boost the UAE-listed company's operational EBITDA, also marks the investment holding firm's foray into the international retail and clothing space. 'This acquisition marks Multiply Group's strategic entry into the retail and apparel sector,' said Samia Bouazza, Group CEO and Managing Director of Multiply Group. 'By securing a controlling interest in a leading omnichannel platform, we are investing in a future-focused, high-performing business model.' As part of the plan, Tendam will become a platform business under Multiply's new retail & apparel unit, further strengthening its footprint in industries that are consumer-focused. With more than 1,800 points of sale and presence in more than 80 markets, including Spain, Portugal, France, the UAE and Latin America, Tendam is Spain's second-largest apparel group by market share. It is also one of the top omnichannel clothing groups in Europe. At the end of the second quarter of the year, Tendam reported that its sales for the past one year had reached €1.4 billion ($1.5 billion). (Writing by Cleofe Maceda; editing by Seban Scaria)
