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Etihad CEO considers buying small number of Airbus, Boeing jets
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Etihad CEO considers buying small number of Airbus, Boeing jets
May 6, 2024 8:05 AM

DUBAI, May 6 (Reuters) - Etihad Airways would consider

buying a small number of aircraft from Airbus and Boeing ( BA ) over

the next five years if delivery slots opened up, its chief

executive said on Monday.

The Abu Dhabi's carrier plans to grow its fleet of narrow

and wide-body aircraft to 150 over the next five years, up from

around 80 jets today, which would mean adding around 10-15 new

aircraft each year.

Most of those new aircraft will be added through existing

orders for Airbus A320s and A350s and Boeing 787s but some would

need to be sourced from the leasing market and planemakers.

CEO Antonoaldo Neves said Etihad was in talks with lessors

and the planemakers in attempt to secure additional jets to

supplement those that would be delivered from existing orders.

He said the airline was interested in buying new aircraft

directly from planemakers through delivery slots that had been

cancelled or rescheduled by other carriers.

But Neves said Etihad would not place a large order.

"I'm a big believer in fleet flexibility. I don't like to

lock in big orders," he told Reuters in an interview at the

Arabian Travel Market tourism trade exhibition in Dubai.

"I've learned the best thing we can do is have an order book

that is sizeable but does not define the entire future."

Planemakers have a huge backlog of aircraft still to be

delivered, while airlines have in recent years placed massive

orders for aircraft that will not be delivered for many years.

Both Airbus and Boeing ( BA ) have struggled to meet delivery

schedules due to supply chain issues, while Boeing's ( BA ) production

has slipped on increased quality checks and regulator audits.

Boeing ( BA ) has overhauled its management after a series of

safety issues that shook industry confidence in it.

Neves said after recently visiting Boeing ( BA ), he was impressed

with the U.S. planemaker's initiatives for 787 delivery dates.

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