Etihad Reaches New Heights in Q1 2007

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Etihad Airways, the national airline of the UAE, carried 176 percent more passengers than last quarter with a grand total of 1,031,837 passengers flying in the first quarter of 2007. With the addition of 15 new aircraft, Etihad's capacity has increased by 130 percent during the first quarter of 2007. By the end of the year, Etihad Airways will take the delivery of 10 more aircraft bringing its fleet size to 31.

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The airline has grown rapidly since inception adding some 30 destinations in as many months. As we move forward into a new phase we will bed down on what has already been achieved to ensure that this growth is commercially sustainable in the future.

Etihad Airways carried 1,031,837 passengers in the first quarter of 2007, an increase of 176 percent on the first quarter of 2006 when 373,333 passengers flew with the Abu Dhabi-based airline.

The Q1 performance is also a record for Etihad since it launched in 2003, with first quarter revenue increasing by 208 percent to AED 712,047,181 from AED 230,615,170 in the same period last year.

Capacity, or what is known in the aviation industry as 'available seat kilometers,' has increased by 130 percent in the past 12 months following the introduction into service of 15 new aircraft.

The airline's seat factor increased from 54.5 percent in the first three months of 2006 to 68.3 percent for the same period this year.

Etihad also introduced two new destinations in the first quarter of 2007, starting flights to Kuala Lumpur on January 15 and Sydney on March 26.

James Hogan, Etihad Airways' chief executive, said: "The airline's performance in the first three months is remarkable and the figures reflect the extraordinary levels of growth in both the network and aircraft fleet during the last three years, and more importantly the growing awareness of Etihad in key markets around the world. The performance is in line with expectations as our network and markets mature."

"The airline has grown rapidly since inception adding some 30 destinations in as many months. As we move forward into a new phase we will bed down on what has already been achieved to ensure that this growth is commercially sustainable in the future."

Etihad will take delivery of a further 10 aircraft in 2007 bringing its fleet size to 31 by the end of the year to meet the growth of its network which will see increases in the number of flights to existing destinations and the introduction of new services later this year to Kochi (Cochin) and Thiruvananthapuram (Trivandrum) in India, Dublin in Ireland and Milan in Italy.

About Etihad Airways
Etihad Airways is the national airline of the United Arab Emirates based in the UAE's capital, Abu Dhabi.

Currently Etihad offers flights to 41 destinations in the Middle East, Europe, North America, Africa and Asia.

For further details call (212) 984-1878 or visit http://www.etihadairways.com.

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