Etihad Airways orders 100 Aircraft at Farnborough with Options and Purchase Rights on Further 105

Etihad Airways has placed one of the largest aircraft orders in commercial aviation history at the Farnborough International Airshow in the UK.

The total deal for up to 205 wide-body and narrow-body planes is worth approximately US$43 billion at list prices. It comprises 100 firm orders, 55 options and 50 purchase rights in a combination of Boeing and Airbus aircraft.

Etihad Airways’ chairman His Highness Dr Sheikh Ahmed bin Saif Al Nahyan and chief executive James Hogan, announced the orders on the first day of the air show signing separate contracts with Boeing chairman, president and chief executive officer, Jim McNerney and also with Airbus president and chief executive officer, Tom Enders.

The agreement with Airbus comprises firm orders for 55 aircraft:

- 20 A320 aircraft. The engine type is subject to further discussions.
- 25 A350 aircraft, powered by Rolls Royce Trent XWB engines
- 10 A380 aircraft. The engine type is subject to further discussions.

There are also options for five A320s, 10 A350s and five A380s together with purchase rights for a further 15 A320s, 15 A350s and five A380s.

The agreement with Boeing comprises firm orders for 45 aircraft:

- 35 Boeing 787 aircraft. The engine type is subject to further discussions.
- 10 Boeing 777-300ER aircraft, powered by GE90 engines

There are also options for 25 787s and 10 777-300ERs with purchase rights for a further 10 787s and five 777s.

The new aircraft are scheduled for delivery between 2011 and 2020 for Abu Dhabi-based Etihad Airways and when delivered will give the national airline of the United Arab Emirates a fleet of more than 150 aircraft.

James Hogan said, “This is a momentous day for Etihad Airways and Abu Dhabi and represents one of the largest aircraft orders in commercial aviation history. It reflects the strength and pace of economic growth in the Emirate and the integral role Etihad will play in Abu Dhabi’s future.

“That future will see planned investments in infrastructure and projects within the Emirate likely to exceed US $200 billion during the next 10 years, an aggressive tourism push and enormous residential development. We are extremely proud to play a leading role in realising these exciting plans in the years ahead.

“The size of our order also mirrors the rising prominence of the Middle East and its increasing emergence as a new focal point of global aviation and a natural air bridge between East and West offering the fastest air links for travellers and freight forwarders.”

A key selection criterion in the deal has been the environmental performance of the aircraft. Mr Hogan added, “The new generation aircraft we have ordered from both Boeing and Airbus are amongst the most fuel efficient and will help maintain Etihad’s fleet as one of the youngest and greenest in the sky.”

Since its establishment in 2003, Etihad Airways has been recognised as one of the fastest growing airlines in commercial aviation history. It serves 45 global destinations covering Africa, Asia, Australia, Europe, the Middle East and North America and this year is on course to carry six million passengers.

So far this year, the airline has started new flights to Beijing in China. August will see Chennai (Madras) and Kozhikode (Calicut) in India, and Minsk in Belarus added to the network. Etihad will also launch new services in December to Moscow in Russia and Almaty in Kazakhstan.

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