Etihad to invest $750 million

ETIHAD Airways announced at the Dubai Airshow that it will invest US$750 million into its workforce, fleet and planning and resources systems.Speaking at a press conference on the second day of the airchow, James Hogan, the airline’s chief executive officer, said: “Etihad has taken great strides forward in only six years. We have created a compelling brand, an outstanding service offer and a strong hub at Abu Dhabi Airport.“Now we are taking the next steps. Over the course of this week, we will announce a series of strategic contracts, partnerships and initiatives which will address key strategic elements of our business and allow us to deliver on our long term plans.Contracts announced include maintenance and component support for aircraft, a new flight-planning system that will allow the airline to reduce fuel costs by up to five per cent and workforce management software to improve the stability of crew rosters.

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