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The Morning Brief

Corner Office Conversation with Antonoaldo Neves, CEO, Etihad Aviation Group

Sep 20, 2024
Antonoaldo Neves, the CEO of Etihad Airways Group, expertly navigates the challenges of balancing growth and profitability in the aviation industry. He reveals plans to save $150 million annually even as he aims to double the airline's size. Neves highlights India's emerging role as a leading aviation market and discusses strategic network optimizations. He also candidly addresses post-COVID air traffic challenges and the need for transparency among Gulf carriers, showing a unique blend of ambition and pragmatism.
27:05

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Quick takeaways

  • Antonoaldo Neves is implementing stringent cost-cutting measures while aggressively pursuing expansion to balance profitability and growth in Etihad Airways.
  • Neves' plan for an IPO aims to enhance transparency and provide capital for growth, addressing historical issues within the Gulf aviation industry.

Deep dives

Turning Around Etihad: A Strategic Journey

Etihad Aviation Group has undergone a significant transformation under the leadership of its current CEO, Antoine Nualdo Neves, who joined in 2022 during a recovery phase after years of substantial losses. The airline previously adopted an aggressive expansion strategy, acquiring stakes in several international carriers, which led to mounting financial troubles. Neves focused on restructuring by aligning with shareholders on future growth strategies, which included cutting unnecessary expenses and reformulating operations. As a result, Etihad successfully returned to profitability in the first half of 2022, marking a pivotal milestone for the airline.

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