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
 Jul 23 2016 - Scottsdale, Arizonas AC by J is Part of Daikin Industries Expansion into N. American AC MarketMENAFN Press
(MENAFN Press) google_ad_client = "pub-7060895361757846"; /* MPR 200x200, created 7/14/10 */ google_ad_slot = "9848691929"; google_ad_width = 200; google_ad_height = 200; Scottsdale, Arizona, ...

 Jul 23 2016 - Morocco's inflation rate grows to 2.3 percentMENAFN
(MENAFN) Morocco's annaul consumer inflation increased to 2.3 percent in June from 1.9 percent in May, due to higher food prices.On the other hand, annual food inflation jumped to 4.4 percent from ...

 Jul 23 2016 - Saudi's Modon signs 6.000 deals at USD160bnMENAFN
(MENAFN) The Saudi Industrial Property Authority (MODON) signed more than 6,000 industrial, logistic and services deals for investments that surpasses USD160bn.Additionally, factories in the ...

 Jul 23 2016 - Qatar's exports from Brazil touch USD122.15mnMENAFN
(MENAFN) Brazil's exports to Qatar for the first half of this year reached USD122.15mn, accounting for 2.33 percent.Moreover, meat, sugar, cereals, ores, slag and other miscellaneous grain seeds and ...

 Jul 23 2016 - Rakhi.primogiftsindia.com Offering Heart Winning Selections for Online Rakhi &'Rakhi Gifts!MENAFN Press
(MENAFN Press) Rakhi.primogiftsindia.com is a name reckoned widely for its extensive range of trendy and attractive Rakhis and heart winning Rakhi gifts. In fact, it is one of the reliable online ...

 Jul 22 2016 - Global Water-Soluble Fertilizers Market Has Been Forecasted to Reach USD 15.30 Billion by 2020MENAFN Press
(MENAFN Press) The global water-soluble fertilizers market has been forecasted to reach a value of USD 15.30 billion by 2020 at a CAGR of 5.6%. The market is primarily driven by the increasing ...

 Jul 22 2016 - Established Cardiothoracic Surgeon, Khaled Abdelhady, MD, FRCS, FACS, will be Recognized in Latest Edition of The Leading Physicians of the WorldMENAFN Press
(MENAFN Press) Chicago, Illinois The International Association of HealthCare Professionals is pleased to welcome Khaled Abdelhady, MD, FRCS, FACS, Cardiothoracic Surgeon, to their prestigious ...

 Jul 22 2016 - Elite Radiologist, Charif Abdul Rahman Sidani, MD, to be Spotlighted in The Leading Physicians of the WorldMENAFN Press
(MENAFN Press) Miami, Florida The International Association of HealthCare Professionals is pleased to welcome Charif Abdul Rahman Sidani, MD, Radiologist, to their prestigious organization with ...

 Jul 22 2016 - Advanced Driver Assistance Systems (ADAS) Market to Reach $89.09 billion with 21.7% CAGR Forecast to 2022MENAFN Press
(MENAFN Press) Advanced Driver Assistance Systems (ADAS) Market to Reach $89.09 billion with 21.7% CAGR Forecast to 2022 Global Advanced Driver Assistance Systems (ADAS) Market 2015 Analysis and ...

 Jul 22 2016 - Organic Silicon 2016 World Market Opportunities and Forecasts to 2021MENAFN Press
(MENAFN Press) Organic Silicon 2016 World Market Opportunities and Forecasts to 2021 Global and Chinese Organic Silicon Industry, 2016 Market Research Report PUNE, INDIA, July 22, 2016 ...

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

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

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