James Hogan President and CEO of Abu Dhabi based Etihad Aviation Group (EAG) will step down in the second half of 2017. He will be joined by Chief Financial Officer James Rigney. The EAG Board of Directors announced the departures and said a global search for their replacements is underway. Both Hogan and Rigney will join an investment company The …
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Etihad Airways and Lufthansa German Airlines have agreed to codeshare flights and lease aircraft. Codeshare is where one airline puts its flight code on a flight operated by the other. Lufthansa will place its ‘LH’ airline code on the twice daily flights operated by Etihad Airways (code ‘EY’) between Abu Dhabi and Frankfurt and the twice daily flights between Abu …
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Abu Dhabi based Etihad Airways has unveiled a new airline alliance called Etihad Airways Partners (EAP). The alliance is initially made-up of six airlines in which the Gulf behemoth has equity stakes, though it claims to offer partnership opportunities for any airline wishing to join, even if it is part of any existing alliance such as airberlin which is a …
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On Monday, Middle East Big 3 (MEB3) carrier Etihad Airways announced a record $62 million net profit for 2013, up 47.6% year-over-year (YOY) from $42 million in 2012. The carrier saw total revenue grow 27.1% YOY to $6.1 billion, while expenses rose 26.9% to $6.04 billion. Total capacity as measured in available seat kilometres (ASKs) grew 16.6% YOY while traffic …
Read More »by Devesh Agarwal Etihad Airways, the national carrier of the United Arab Emirates, today announced what it calls a ‘step-change in global aviation’ with the launch of its first branded regional operation, after taking a 33.3 per cent stake in Swiss carrier Darwin Airline. (Left to right) James Rigney, Etihad Airways’ Chief Financial Officer; Maurizio Merlo, Chief Executive Officer of …
Read More »by Devesh Agarwal LoganAir. Photo by Dave Wheeler. Used under CC license. While many of us will be aware of the longest non-stop flights; Singapore Airline’s soon to be withdrawn Newark Singapore and Los Angeles Singapore, and Qantas’ Sydney Dallas-Fort Worth which become the longest; how many of us are aware of the shortest non-stop flights? The world’s shortest flight …
Read More »by Vinay Bhaskara When Abu Dhabi based Etihad Airlines announced in late April that it had acquired a 24% stake in Mumbai Will the MEB3 hold sway? based full service carrier Jet Airways for $379 million, it marked a paradigm shift in the state of the Indian air travel market. The newly formed “Jetihad” partnership would hold a nearly 18% share …
Read More »by Vinay Bhaskara Abu Dhabi based full service carrier Etihad Airways reported record results for the first quarter of 2013. Revenues grew a whopping 18.7% year over year to $900 million, up from $758 million in Q1 of 2012. In its 10th year of operations, Etihad also saw cargo revenues grow 17% to $193 million. Passenger figures also reached a …
Read More »The fleet of Airbus A320s equipped with the new wingtips called “Sharklets” is growing by the day. During the last fortnight, four new airlines have taken delivery of Sharklet fitted A320s. Spain’s largest low cost carrier Vueling, the largest low cost airline in Spain, took delivery of its first A320 Sharklet aircraft, becoming the first Spanish carrier to do so. …
Read More »by Vinay Bhaskara Etihad Airways Boeing 777-300ER — Image Credit Etihad Airways Abu Dhabi based Eithad Airways reported its second straight year of profitability, with calendar year 2012 witnessing a net profit of US $42 million (versus $14 million), on revenues of $4.8 billion (up from $4.1 billion in 2011). Full year EBITDAR (earnings before interest, taxes, depreciation, amortization, and …
Read More »This topic this week is focussed on the Gulf region home of the fast rising behemoths Emirates, Qatar Airways, and Etihad. The last few days have been startling to say the least. From competing head-on, the airlines of the world, have accepted, nay welcomed, the Middle East Big 3 (MEB3) of Emirates, Qatar, and Etihad. A few weeks back the …
Read More »The Air France-KLM Group, Etihad Airways, and airberlin will implement code-share agreements as of October 28, 2012, which will offer their respective customers more destinations. Air France, KLM, and Etihad code-shares On the routes between Europe and Abu Dhabi, Etihad Airways customers will be able to fly on the Amsterdam-Abu Dhabi daily flight operated by KLM. Air France customers will …
Read More »Last week, Bangalore Aviation introduced the BAASA Index, the world’s first index of 30 airline stocks measured from a 3,000 point base value and designed to provide a broad based measure of airline financial performance and investor confidence in the airline industry. Over the past week, the BAASA index fell 0.49% to close at 2985.80 points. Performance was mixed across …
Read More »German carrier, airberlin will become a full member of the oneworld® alliance with effect from Tuesday 20 March 2012. Austrian airline NIKI, also a member of the airberlin group, will join oneworld at the same time as an affiliate member. airberlin received its green light to board oneworld after successfully completing a thorough review of its readiness conducted by British …
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