Quotes: US 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 airlines 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

 






  MENA News Headlines
 Aug 21 2014 - Ebola virus disease West Africaupdate 8 August 2014 E-mail PrintMENAFN Press
(MENAFN Press) GENEVA Switzerland August 8 2014/African Press Organization (APO)/ -- Epidemiology and surveillance Between 5 and 6 August 2014 a total of 68 new cases of Ebola virus disease ...

 Aug 21 2014 - Nina Duong Haute Couture Announces Relocation From Toronto to Oakville OntarioExtravagant Wedding Gowns For Exceptional BridesMENAFN Press
(MENAFN Press) Nina Duong collections are as breathtaking as they are luxurious. All gowns are hand-sewn using the most exquisite fabrics especially fine silks from around the world.OAKVILLE ...

 Aug 21 2014 - Asry signs USD8.6m desalination plant contractMENAFN
(MENAFN) Asry, the leading ship and rig repair yard in the Gulf, agreed a build-operate-transfer (BOT) contract for the completion and upgrading of a reverse osmosis seawater desalination plant, Gulf ...

 Aug 21 2014 - Generational Diversity Expert Dr. Chip Espinoza Completes Seminal Work MillennialsWorkMENAFN Press
(MENAFN Press) It is no secret that young adults commonly referred to as Millennials grew up in a culture radically different from those of the generations that preceded them. Not only were ...

 Aug 21 2014 - Hamas warns foreign airlines as Israel declares talks overArab News
(MENAFN - Arab News) GAZA CITY Palestinian Territories: The armed wing of Hamas warned foreign airlines against flying into Tel Aviv on Wednesday and declared truce talks in Cairo over as a six-week ...

 Aug 21 2014 - Saudi- Iconic Urdu poet in Jeddah for mushairaArab News
(MENAFN - Arab News) Some of the most-loved names in Urdu poetry will regale hundreds of expatriates with their couplets at the Indian Consulate's annual mushaira to be held at the International ...

 Aug 21 2014 - Saudi- PISJ-ES reports outstanding academic featArab News
(MENAFN - Arab News) Students of the Pakistan International School-Jeddah (English Section) (PISJ-ES) have shown outstanding academic performance this year.According to the school's acting principal ...

 Aug 21 2014 - 77000 Saudi youth aspire for skilled jobsArab News
(MENAFN - Arab News) With only three days left for submitting applications around 77000 Saudi men and women have enrolled for vocational training at the Colleges of Excellence (CoE) throughout the ...

 Aug 21 2014 - Saudi- Woman ordered to pay SR30000 for khulaArab News
(MENAFN - Arab News) A court in Riyadh has ordered a woman to pay SR30000 for her to be able to separate from her husband after he injected her with a narcotic substance local media said.The man in ...

 Aug 21 2014 - Saudi- Shoura member to speak at world science conferenceArab News
(MENAFN - Arab News) A leading Swiss scientific foundation has chosen a female Saudi Shoura Council member to speak alongside international personalities at a conference highlighting the role of ...

more...


 






Google

menafn.com

 
 

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

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

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
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

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


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help