Trump announces US$14.5 billion Etihad commitment with Boeing, GE
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Etihad has a fleet of around 100 aircraft.
PHOTO: REUTERS
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DUBAI - US President Donald Trump on May 16 announced deals totalling more than US$200 billion (S$259 billion) between the US and the United Arab Emirates, including a US$14.5 billion commitment between Boeing, GE Aerospace and Etihad Airways, the White House said.
The White House said Boeing and GE had received a commitment from Etihad Airways to invest US$14.5 billion to buy 28 American-made Boeing 787 and 777X aircraft powered by GE engines. Etihad did not immediately respond to a request for comment. GE and Boeing did not comment.
“With the inclusion of the next-generation 777X in its fleet plan, the investment deepens the longstanding commercial aviation partnership between the UAE and the United States, fueling American manufacturing, driving exports,” the White House said.
Etihad has a fleet of around 100 aircraft.
Etihad chief executive Antonoaldo Neves said in April that Etihad planned to add 20 to 22 new planes in 2025, as it aims to expand its fleet to more than 170 planes by 2030 and boost Abu Dhabi’s economic diversification strategy.
Etihad, which is owned by Abu Dhabi’s US$225 billion wealth fund ADQ, has been through a multi-year restructuring and management shake-up, but has expanded under Neves.
He said that 10 of the new aircraft in 2025 would be Airbus A321LRs, which the carrier launched on May 12 and will start operating in August. The remainder include six Airbus A350s and four Boeing 787s.
On May 14, Boeing landed its biggest deal for widebody airplanes
