Etihad CEO Says Plans Progressing for Possible Stock Listing (1)

Etihad Airways is moving along with a possible initial public offering, the first for a major airline in the Middle East, in a listing that would help the Abu Dhabi flag carrier raise additional funds to expand.

“We’re working very hard to make it happen whenever it is the time,” Chief Executive Officer Antonoaldo Neves said in an interview with Bloomberg TV at the IATA annual general meeting in Dubai. An IPO “is never an endgame, it’s just another source for us to raise capital.”

Etihad has managed to turn itself around after an ill-fated expansion spree a decade ago ...