The White House said President Donald Trump announced agreements worth more than $200 billion between the United States and the United Arab Emirates on Thursday. Among these agreements was a $14.5 billion commitment between Boeing, GE Aerospace, and Etihad Airways.
According to the White House, Etihad Airways has committed to investing $14.5 billion to purchase 28 American-made Boeing 787 and 777X aircraft with GE engines. A request for comment from Etihad was not immediately answered, and Boeing and GE remained silent.
“With the introduction of the future 777x in its fleet plan, the investment deepens the longstanding business aviation connection with the UAE and the United States, fuelling American manufacturing, driving exports,” stated the White House.
To increase Abu Dhabi’s economic diversification strategy and reach its goal of having more than 170 aircraft by 2030, Etihad CEO Antonoaldo Neves announced last month that the airline will add 20 to 22 additional aircraft this year.
Under Neves, Etihad, which is controlled by Abu Dhabi’s $225 billion wealth fund ADQ, has grown despite going through a multi-year management change and reorganisation. Airbus A321LRS, which the carrier unveiled on Monday and will begin operating in August, will make up ten of the new aircraft this year, he added. Four Boeing 787s and six Airbus A350S make up the remaining fleet.
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