Etihad Airways

Etihad posts 5th year of net profits in ‘15, cargo performed well

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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

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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

Etihad calls for reform in European aviation

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Etihad Airways has urged the European Commission to embrace “bold, exciting and world-leading reforms” as part of the Strategic Aviation Package to overhaul Europe’s air transport industry. In a detailed submission to the Commission, the airline advocates a policy which actively facilitates competition and consumer choice, addresses critical shortfalls in aviation infrastructure and eases restrictions on market access and investments by non-European airlines. Etihad … [Read more...] about Etihad calls for reform in European aviation

FOCA approves Etihad’s Darwin stake

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Etihad Airways gets Switzerland’s Federal Office of Civil Aviation (FOCA) approval for 33.3 per cent investment in the Swiss regional carrier Darwin Airline. Since January 2014, Lugano-based Darwin Airline has operated as Etihad Regional under a brand and partnership agreement with Etihad Airways. FOCA’s approval of the Etihad Airways investment now enables the two companies to leverage fully the benefits of their partnership, including codesharing on each other’s flights … [Read more...] about FOCA approves Etihad’s Darwin stake

FOCA approves Etihad’s Darwin stake

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Etihad Airways gets Switzerland’s Federal Office of Civil Aviation (FOCA) approval for 33.3 per cent investment in the Swiss regional carrier Darwin Airline. Since January 2014, Lugano-based Darwin Airline has operated as Etihad Regional under a brand and partnership agreement with Etihad Airways. FOCA’s approval of the Etihad Airways investment now enables the two companies to leverage fully the benefits of their partnership, including codesharing on each other’s flights … [Read more...] about FOCA approves Etihad’s Darwin stake

Sanad extends contract with Etihad by US$100M

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Sanad Aero Solutions GmbH, a wholly-owned subsidiary of Mubadala Development Company, has increased its leasing portfolio of spare engines and components with Etihad Airways through the addition of new assets valued at US$100 million, including spare GEnx and GP7200 engines and spare landing gear and nacelles, to support the airline’s growing fleet of B777, B787, A320 and A380 aircraft. With the additional assets, the overall value of Sanad’s leasing relationship with Etihad … [Read more...] about Sanad extends contract with Etihad by US$100M