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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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 »As Bangalore Aviation reported last month, Indian full service carrier Jet Airways is likely to move its long standing trans-Atlantic scissors hub to Amsterdam in conjunction with its new part-owner Etihad Airways. Late last week, Jet applied for the following slots at Amsterdam for the IATA Winter 2013/14 season. 9W 224 – DEL – AMS –> arr: 09.40 333 daily …
Read More »Both Bloomberg and The Wall Street Journal are reporting that India’s largest carrier Jet Airways is in talks with Air France-KLM, Alitalia and Delta Air Lines Inc. about joining the SkyTeam alliance. Jet has long practised a policy of bi-lateral and code-share agreements and officially, its management has steadfastly refuted any speculation of carrier joining an alliance, but with Air …
Read More »Air France-KLM Group, the world’s second largest airline, has agreed to pay 323 million euro ($432 million) for a 25 per cent stake of Alitalia SpA. Alitalia was put into bankruptcy on August 29, after two years of attempts to sell the 49.9 percent state owned airline. On December 12, CAI agreed to buy Alitalia’s main assets and to combine …
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