Reading Time: 2 minutes The UAE’s national carrier is hoping Chinese retail giant, Ali Baba, turns into just what it needs to gain greater access to the world’s largest economy. After agreeing to promote China’s annual 11.11 shopping festival, the largest of its kind in the world, with livery on aircraft that fly to 40 destinations around the world, […]
Reading Time: < 1 minute Jet Airways chairman, Naresh Goyal, has denied he is looking to other carriers to shore up investment in the carrier amid rumors that Etihad might be looking to drop its stake in the airline. “Our partner Etihad has no intention to exit their investment in Jet Airways. We have no plans to sell stake to […]
Reading Time: < 1 minute Etihad Airways Group is getting to set to name its new CEO within the next few months, according to a statement by the company. “The successful candidate is expected to start no later than the beginning of 2018,” the statement read. Former Etihad CEO James Hogan departed from the company in May, with Ray Gammel […]
Reading Time: < 1 minute Air Berlin (AB, Berlin Tegel) suffered first quarter losses of EUR293.3 million (USD328 million), an increase of 60% on losses for the same period last year. Its first quarter financial results, published this week, also show that revenue was down EUR87.5 million (USD98 million) to EUR649.6 million (USD726.5 million) for the quarter. According to Air […]
Reading Time: 2 minutes Alitalia’s staff rejecting a last minute restructuring bid to keep the airline afloat, has not only pushed the European airline to begin bankruptcy proceedings for the second time in a decade, but has also put Abu Dhabi-based Etihad’s European future in question. Etihad paid €560 million for its 49 percent stake in Alitalia in 2014, […]
Reading Time: < 1 minute Etihad Airways is said to be in talks with banks to secure $2.6 billion in loans to finance aircraft purchases from Airbus and Boeing. The airline is hoping to finance 10 Dreamliner aircraft from Boeing for $200 million and an additional $600 million for the purchase of two Airbus A380s, according to a report by […]
Reading Time: 3 minutes Etihad Aviation Group (EAG) and its equity airline partners will support almost 425,000 jobs and are expected to contribute $3.6 billion GDP to the African economy in 2016, as Abu Dhabi becomes a key hub for business travel both into and out of the continent. A report released by leading international research organisation Oxford Economics […]