Abu Dhabi’s Etihad Airways CEO Antonoaldo Neves stated the airline has no set timeline for going public, with $20 billion in self-funded growth plans for the next decade. While ready for an IPO, the final decision rests with shareholder ADQ. Neves emphasized organic growth over M&A as part of the strategic mandate.

Etihad aims to solidify Abu Dhabi as a key travel hub connecting Asia and Europe. Neves estimates growth plans exceeding $20 billion for the next decade can be self-funded. Despite global economic uncertainty, the airline remains committed to expanding its network, with passenger traffic up 17% year-on-year and load factor at 88%.

Bookings slowed during the Israel-Iran conflict, but sales fully recovered by July. Etihad’s fleet of over 100 aircraft includes an order for 28 wide-body Boeing planes, including the 777X. The order is expected post-2030 to replace Airbus A380s. Neves mentioned potential deals with lessors for additional jets, aside from OEMs.

Read more at Yahoo Finance: Exclusive-Etihad Airways CEO sees no rush for IPO with ample self-funding