Abu Dhabi Poured Billions Into Etihad Airways Before Pandemic

Abu Dhabi Poured Billions Into Etihad Airways Before Pandemic

Abu Dhabi's government has stumped up around $22 billion for Etihad Airways since it began flying in 2003, underscoring the ambition of the oil-rich emirate to turn its national carrier into a global player before the effort faltered in recent years.The heavy investments, made before Covid-19 lockdowns strangled demand for air travel, were likely a prelude to support for the carrier this year, given the sector's dire need for cash during the pandemic.