Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

UAE- Etihad airberlin in talks for "next stage"  Join our daily free Newsletter

MENAFN - Khaleej Times - 08/04/2014
No. of Ratings : 0
Add to Mixx!


(MENAFN - Khaleej Times) Etihad airways may close the next phase of its partnership with airberlin its top official said

“all our objectives have been met and we are in the final stages of negotiating the next stage of that [airberlin] partnership” president and chief operating officer james hogan told nik gowing a bbc news presenter who moderated the first session of the two-day global aerospace summit that began here.


Hogan elaborated the achievements of the airline whose turnover has multiplied to 7.4 billion in 2013 from 300 million in 2006 and how airline grew from successful partnerships and equity investments.


He said that the carrier was studying to invest in loss-making italian carrier alitalia as the due diligence process was still ongoing. “we are in due diligence at the moment. the mandate we have from shareholders is if we can achieve an agreement that meets the commercial mandate we’ll come back and present that to the board. that’s where we are at the moment” hogan said.


“in europe for example we have acquired minority equity stakes in airberlin air serbia and aer lingus and are seeking regulatory approval to invest in the swiss regional carrier darwin airline which now operates as etihad regional – switzerland... in doing so not only do we strengthen our own operations we strengthen those of our equity partner aiines increasing competition within europe and bolstering european economies as well as our own home base.”


Earlier he said etihad airways and its abu dhabi homebase continue to benefit from the airline’s strategy of working closely with network partners which in turn is supporting economic growth in markets around the world.


Details of the successful expansion strategy were shared by hogan during his keynote address to delegates at the summit.


“etihad airways continues to be our core business and main focus yet through our network partners the airline is building a global presence which we wouldn’t be able to do alone and helps us all carry greater numbers of air travellers around the world.”


Hogan spoke about how etihad airways and its network partners can now leverage economies of scale through joint procurement and resource sharing which he said were not available through pure commercial relationships or membership of airline alliances.


“the benefits of strategy flow to our partners as they gain access to the etihad airways global flight network improved revenue opportunities and reciprocal cost and efficiency gains. the net result is stronger more competitive airlines delivering benefits to consumers creating employment and contributing to economic growth” said hogan.


— haseeb?khaleejtimes.com

 


Khaleej Times




  MENA News Headlines
 Apr 29 2017 - Bangladesh- Emirates Wins Best Airline Worldwide at the 2017 Business Traveller AwardsBangladesh Monitor
(MENAFN - Bangladesh Monitor) Dhaka : Emirates won four accolades including Best Airline Worldwide at the ‎Business Traveller Middle East 2017 Awards held on April 23. At a ceremony attended by key ...

 Apr 29 2017 - Bangladesh- Qatar Airways to launch 26 new destinations in a yearBangladesh Monitor
(MENAFN - Bangladesh Monitor) Dhaka : Qatar Airways CEO Akbar Al Baker has announced plans for start flying to 26 new destinations this financial year and this, he described as a record, for any ...

 Apr 29 2017 - Big 3 Middle Eastern airlines tackle US ban by lending laptopsBangladesh Monitor
(MENAFN - Bangladesh Monitor) Dubai : Airlines have become creative in tackling the ban on electronic devices imposed by United States. Complimen-tary laptops are being loaned out to passengers of ...

 Apr 29 2017 - Nairobi in the network of Oman AirBangladesh Monitor
(MENAFN - Bangladesh Monitor) Muscat : The Oman Air has launched 4-times a week Muscat-Nairobi flights. The flights will leave every Monday, Tuesday, Thursday, and Saturday at 1450 hours local time ...

 Apr 29 2017 - Three new A380 destinations, in three continents, in one day by EmiratesBangladesh Monitor
(MENAFN - Bangladesh Monitor) Dubai : Emirates has recently celebrated the launch of three A380 destinations, bringing its flagship three-class double-decker aircraft from to Tokyo- Narita, ...

 Apr 29 2017 - Time to promote Bangladesh as Muslim friendly destinationBangladesh Monitor
(MENAFN - Bangladesh Monitor) Dhaka : Speakers at a seminar on "Emergence of Halal Tourism: How Bangladesh can benefit" at Pan Pacific Sonargaon on April 1, held on the sidelines of US-Bangla Travel ...

 Apr 29 2017 - US visa shouldn't be a problem for Bangladeshis if basics are clearBangladesh Monitor
(MENAFN - Bangladesh Monitor) Dhaka : US visa should not be a problem for Bangladeshis. The basics must be clear. With the right profile, good travel history and good educational background, it ...

 Apr 29 2017 - US-Bangla Airlines flies to Bangkok from May 3Bangladesh Monitor
(MENAFN - Bangladesh Monitor) Dhaka : The leading private sector carrier of the country US-Bangla Airlines will expand its international network with the introduction of four weekly flights to ...

 Apr 29 2017 - Cairo Wedding Festival season 2: bringing bridal dreams to lifeDaily News Egypt
(MENAFN - Daily News Egypt) Weddings are a life-long dream for many people around the country. The long-anticipated night includes an endless number of details and necessities that future brides and ...

 Apr 29 2017 - Egypt- 8th season of Fashion EvolutionDaily News Egypt
(MENAFN - Daily News Egypt) Cairo Fashion Festival (CFF), in collaboration with Cairo Festival City Mall (CFCM), is back this April—brought to you by 'selfie expert Oppo camera phone'—celebrating the ...

more...


 





Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Search News
Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help