Chinese companies have upped their stake in Virgin Australia Holdings as a second mainland conglomerate bought a stake in the carrier. The Nanshan Group will buy about 20 per cent of Australia’s second-largest airline from Air New Zealand, the Auckland-based carrier said in a statement recently. Nanshan’s assets stretch from aluminium to property and include the two-year-old Qingdao Airlines. HNA Group, the owner of Hainan Airlines, last month said it plans to buy 13 per cent of Virgin … [Read more...] about Virgin Australia shareholders become strange bedfellows
Etihad Airways
EU to negotiate aviation pacts with ASEAN, UAE, Qatar & Turkey
European Union governments have given EU transport chief Violeta Bulc the go-ahead to negotiate aviation agreements with the Association of Southeast Asian Nations (ASEAN), the United Arab Emirates (UAE), Qatar and Turkey. An agreement with ASEAN will be historic as it will be the first European Union (EU) bloc-to-bloc aviation agreement. Agreements with the Arabian Gulf states are more controversial and set up a potential clash over alleged unfair subsidies to airlines based in the UAE and … [Read more...] about EU to negotiate aviation pacts with ASEAN, UAE, Qatar & Turkey
EU to negotiate aviation pacts with ASEAN, UAE, Qatar & Turkey
European Union governments have given EU transport chief Violeta Bulc the go-ahead to negotiate aviation agreements with the Association of Southeast Asian Nations (ASEAN), the United Arab Emirates (UAE), Qatar and Turkey. An agreement with ASEAN will be historic as it will be the first European Union (EU) bloc-to-bloc aviation agreement. Agreements with the Arabian Gulf states are more controversial and set up a potential clash over alleged unfair subsidies to airlines based in the UAE and … [Read more...] about EU to negotiate aviation pacts with ASEAN, UAE, Qatar & Turkey
Etihad, Italy’s Parma Airport sign agreement to develop cargo services
Etihad Airways and Parma’a Giuseppe Verdi Airport have signed an agreement to develop cargo traffic at the airport of the central Italian city. The exclusive agreement initially includes the establishment of a cargo transit centre at Parma Airport to receive cargo for forwarding to Milan Malpensa Airport for onward transport. The project will be developed in conjunction with Etihad Cargo and partner airlines, providing what the carrier says will be an efficient solution to companies in the … [Read more...] about Etihad, Italy’s Parma Airport sign agreement to develop cargo services
Etihad posts 5th year of net profits in ‘15, cargo performed well
Etihad Airways, the national airline of the United Arab Emirates, today announced its strongest annual financial results to date and the airline’s fifth consecutive year of net profitability, with a net profit of US$103 million on total revenues of US$9.02 billion. Etihad Airways’ cargo division continued to perform well in 2015 with freight and mail volumes rose 4.0 per cent to 591,000 tonnes, making it one of the world’s most successful air freight operations. Accounting for 88 per cent of … [Read more...] about Etihad posts 5th year of net profits in ‘15, cargo performed well
Air Berlin, Etihad in German codeshare ruling victory
Air Berlin and parent Etihad Airways have won an appeal against a Braunschweig administrative court ruling in Germany issued late last month which required them to cease codesharing on thirty-one routes beyond 15 January. In a statement, the German carrier said the Higher Administrative Court in Lüneburg had ordered the German civil aviation authority (Luftfahrt-Bundesamt - LBA) to approve twenty-six of the thirty-one disputed codeshare routes until 26 March 2016 - the end of the current … [Read more...] about Air Berlin, Etihad in German codeshare ruling victory