The company was established in November 2003 by the Government of Abu Dhabi.
A full service international
carrier, Etihad Airways flies to, or has announced operations to, 111
destinations in 67 countries. It operates 116 aircraft, and
offers more than 260 flights per day to and from its hub at Abu Dhabi
International Airport.
The airline is mandated by its shareholder to operate safely, commercially and profitably, and has developed a strong and credible business plan to deliver growth.
Since 2004, Etihad Airways has raised in excess of US$11 billion through a diversified portfolio of funding methods, and has established strong relationships with more than 80 global financing partners and aircraft lessors, 26 of which are based in the US.
It receives no subsidies or sovereign guarantees and, contrary to the claims of competitors, it does not receive free fuel or airport access in Abu Dhabi, its home and global hub.
Underpinning the airline’s activities is a rigorous focus on cost control and best practice, including a robust strategy of risk management, through which partnerships have been established with 36 international institutions to help mitigate the impact of fuel prices, foreign exchange fluctuations and interest rates.
Etihad Airways complies with International Financial Reporting Standards (IFRS) and is audited by KPMG.