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Posts filtered by tags: Etihad[x]


 

Etihad Airways Group CFO departs amid turnaround plan - sources | ZAWYA MENA Edition

Etihad Airways Group CFO departs amid turnaround plan - sources | ZAWYA MENA Edition:Etihad Airways Group Financial Officer Mark Powers has left the airline as it implements a five-year strategy to reverse heavy annual losses, according to two sources familiar with the matter.It was not immediately clear when or why Powers left the Abu Dhabi state-owned airline. Etihad executive Adam Boukadida has been appointed interim group CFO, according to his LinkedIn profile and the sources.Boukadida has h...
Tags: Travel, Linkedin, Abu Dhabi, Etihad, Rupert Neil Bumfrey, Mark Powers, Etihad Airways Group CFO, Etihad Airways Group, Adam Boukadida, Boukadida


Etihad Woes Deepen as Losses Reach $4.8 Billion in Three Years - Bloomberg

Etihad Woes Deepen as Losses Reach $4.8 Billion in Three Years - Bloomberg:Etihad Airways posted a loss of $1.28 billion in 2018, extending the deficit over three years to $4.8 billion, as the Gulf carrier pushes ahead with a cost-cutting plan to stabilize the balance sheet.The Abu Dhabi company, which has abandoned an attempt to build a global network of airline investments after a string of failures, canceled a further nine unprofitable routes last year, it said in an emailed statement Thursda...
Tags: Travel, Bloomberg, Airbus, Abu Dhabi, Etihad, Gulf, Etihad Airways, Boeing Co, Rupert Neil Bumfrey, Tony Douglas


#AbuDhabi's Etihad Airways posts $1.28 billion loss in 2018 | Reuters

Abu Dhabi's Etihad Airways posts $1.28 billion loss in 2018 | Reuters:Abu Dhabi’s Etihad Airways reported on Thursday its third consecutive annual loss in 2018, blaming challenging market conditions and the effects of an increase in fuel prices. Etihad’s net loss narrowed to $1.28 billion for last year, from $1.52 billion in 2017, it said in a statement.The airline reported revenues of $5.86 billion in 2018, it said in a statement. [Author: [email protected] (Rupert Neil Bumfrey)]
Tags: Travel, Abu Dhabi, Etihad, Reuters, Etihad Airways, Rupert Neil Bumfrey, Abudhabi


#Emirates, #Etihad extend cooperation into MRO

Emirates, Etihad extend cooperation into MRO:Over a year after signing their first partnership deal together, Emirates airline and Etihad Airways said they have extended their cooperation to areas of Maintenance, Repair, and Overhaul (MRO).An Emirates spokesperson confirmed to Gulf News that the company provides “ad hoc MRO support to a number of airlines, including Etihad, as per standard industry practice.”The carriers did not elaborate on the extent of their MRO cooperation, but at a conferen...
Tags: Travel, Emirates, Dubai, Etihad, Etihad Airways, Gulf News, Emirates Etihad, Rupert Neil Bumfrey, Etihad Airways Engineering


Avis and Etihad sign exclusive global partnershipAvis and Etihad sign exclusive global partnership

Celebrate with a chance to win flights and car rental
Tags: Travel, Avis, Etihad


Global Campaign For More Support On Airline Passengers With Intellectual Disabilities

For travelers who wish to bring along family members or friends who has intellectual disability or mental retardation, please read on to learn more about the inclusion of DPNA SSR code in your airlines bookings. Travelport launches global campaign to encourage more support for airline passengers with intellectual disabilities Travelport (NYSE:TVPT), the leading travel commerce platform, today announced it has launched a global campaign to improve awareness and use of the DPNA Special Ser...
Tags: Travel, United Kingdom, United Arab Emirates, Abu Dhabi, Delhi, Etihad, Emma, Etihad Airways, ABU DHABI United Arab Emirates, IATA, Travelport, Gordon Wilson, Middle East North Africa, International Air Transport Association IATA, Travelport NYSE, Andreas Schaad


Aldar to acquire Etihad properties for Dh1.2b

Aldar to acquire Etihad properties for Dh1.2b:Aldar Investments announced on Wednesday it will be acquiring full ownership of Etihad Plaza and Etihad Airways Centre from Abu Dhabi’s Etihad Group for Dh1.2 billion.The transaction is expected to complete in the second quarter of this year, and will come in exchange for transfer of full ownership of Etihad Headquarters to Etihad Airways. The three buildings were previously held in 50/50 joint ventures between Aldar and Etihad.As part of the transac...
Tags: Travel, Abu Dhabi, Etihad, Etihad Airways, Rupert Neil Bumfrey, Aldar Properties, Aldar, Etihad Group, Aldar Investments, Etihad Plaza, Etihad Airways Centre, Etihad Headquarters


American Released Data to the SEC That Shows How Award Travelers are Doing

It's been tough to be an American AAdvantage member over the last several years if you actually want to use your miles to fly American. I contend the best use of AAdvantage miles is premium cabin award travel on partners like Japan Airlines, Cathay Pacific, Qatar and Etihad - but that's not how most members use their miles. Since US Airways management took over in the final days of 2013, far fewer passengers have been traveling on American using their miles. That's largely the result of a lack...
Tags: Travel, Advice, SEC, Etihad, US Airways, American Released Data, Japan Airlines Cathay Pacific Qatar


Is American about to Lose its Etihad Partnership to United? Redeem Miles Now.

There’s a great deal of discussion of a rumor that Etihad could sever ties with American Airlines and partner with United or even join Star Alliance instead. I first covered these discussions over the summer but now it's getting much broader attention. Continue reading Is American about to Lose its Etihad Partnership to United? Redeem Miles Now....
Tags: Travel, Advice, Etihad, United, American Airlines, Star Alliance, Etihad Partnership to United


Etihad to increase Easter flights to Abu Dhabi

Airline targets families with discounted holidays
Tags: Travel, Abu Dhabi, Etihad


An Appreciation for the A380, an Airplane That Never Should Have Been Built

Less than 20 years after the aircraft program was launched, Airbus announced last week that it would begin winding down production on the A380. I’ve always thought this was an airplane that never should have been built. If Airbus breaks even on this program, then that would be the best possible outcome. If that doesn’t scream “not successful,” I don’t know what does. But that doesn’t mean it was all bad. In fact, as a passenger, the airplane was — and is — a delight to fly. So, consider th...
Tags: Travel, China, Singapore, US, Los Angeles, San Francisco, Qatar, Chicago, Frankfurt, Malaysia, Paris, Emirates, Dubai, Qantas, Miami, Airbus


#AbuDhabi's Etihad Slashes $21 Billion of Airbus, Boeing Orders - Bloomberg

Abu Dhabi's Etihad Slashes $21 Billion of Airbus, Boeing Orders - Bloomberg:Etihad Airways slashed orders worth $21.4 billion at list prices for Boeing Co. and Airbus SE jetliners, pushing forward with a drastic restructuring after years of operational losses.The state-owned Gulf carrier cut its order for Boeing 777-9 aircraft to 6 jets from 25, while canceling delivery of 42 Airbus A350 wide-bodies, leaving it with 20. While the airline will continue receiving Boeing 787 Dreamliners, Etihad sai...
Tags: Travel, Airbus, Abu Dhabi, Boeing, Etihad, Gulf, Etihad Airways, Boeing Co, Rupert Neil Bumfrey, Etihad Slashes, Airbus Boeing Orders Bloomberg, Dreamliners Etihad


Etihad approaches banks for over $500 million for Boeing deliveries: sources | Reuters

Etihad approaches banks for over $500 million for Boeing deliveries: sources | Reuters:Abu Dhabi’s Etihad Airways has approached banks to raise over $500 million to finance four Boeing 787 Dreamliners it previously ordered, two sources familiar with the matter said.The state carrier sent a request for proposals to banks last week for the financing, which is likely to be provided through bilateral loans or loans involving a small club of lenders, they said. Etihad declined to comment. [Author:...
Tags: Travel, Abu Dhabi, Boeing, Etihad, Reuters, Etihad Airways, Rupert Neil Bumfrey


Jet Airways accepts Etihad's bailout terms, says report | ZAWYA MENA Edition

:Jet Airways Ltd has agreed to most conditions set by shareholder Etihad Airways for offering a lifeline to the debt-laden Indian carrier, the Business Standard newspaper said, sending Jet's shares soaring as much as 18 percent on Friday.Both airlines are set to sign a memorandum of understanding (MoU) within days, which would result in Jet Airways' founder and chairman Naresh Goyal reducing his stake to 22 percent from 51 percent and stepping down from the board, the report said.Etihad's stake ...
Tags: Travel, Etihad, Jet Airways, Etihad Airways, Business Standard, Rupert Neil Bumfrey, Naresh Goyal, Jet Airways Ltd


Etihad ‘could own 40% of India’s Jet Airways’

Etihad ‘could own 40% of India’s Jet Airways’:Jet Airways creditor State Bank of India is likely to own 15 percent of the airline if the cash-strapped carrier’s plan for a debt-for-equity swap is approved, Indian TV channels reported on Tuesday.With debts of about $1.14 billion, Jet has been hit by fierce competition from other low-cost carriers, a rupee depreciation and high oil prices. It owes money to banks, pilots, vendors and lessors, some of whom are considering taking back aircraft, sourc...
Tags: Travel, India, Etihad, Jet Airways, State Bank of India, Rupert Neil Bumfrey, Indian TV, Reuters Jet


Chocolate Sushi for Valentine’s Day and New First Class Bedding on Etihad

A roundup of the most important stories of the day. I keep you up to date on the most interesting writings I find on other sites – the latest news and tips. Continue reading Chocolate Sushi for Valentine’s Day and New First Class Bedding on Etihad...
Tags: Travel, Advice, Etihad


Ailing Jet Air Seeks Investor Approval to Swap Debt for Shares - Bloomberg

:Jet Airways India Ltd. is seeking the approval of shareholders to convert loans into equity as the ailing carrier saddled with $1.1 billion of debt negotiates a rescue deal with its lenders and partner Etihad Airways PJSC.India’s biggest full-service carrier has called an extraordinary general meeting on Feb. 21 in Mumbai, during which it will also seek consent for lenders to appoint company directors and boost its capital, according to a filing Monday. The airline, 24 percent owned by Etihad, ...
Tags: Travel, Bloomberg, Mumbai, New Delhi, Etihad, Rupert Neil Bumfrey, Jet Airways India Ltd, Jet Airways Etihad, Etihad Airways PJSC India


Etihad hires turnaround expert Alvarez & Marsal as it weighs Jet Airways bailout | ZAWYA MENA Edition

Etihad hires turnaround expert Alvarez & Marsal as it weighs Jet Airways bailout | ZAWYA MENA Edition:Etihad Airways has appointed turnaround specialist Alvarez & Marsal to conduct due diligence on Jet Airways Ltd as it weighs bailing out the cash-strapped Indian carrier, three sources familiar with the matter told Reuters.Executives from Alvarez & Marsal are camped in Jet Airways’ offices in Mumbai and are taking stock of the airline’s operations and looking into its financial health and record...
Tags: Travel, Abu Dhabi, Mumbai, Etihad, Jet Airways, Reuters, Etihad Airways, Alvarez, Reuters Executives, Rupert Neil Bumfrey, Alvarez Marsal, Naresh Goyal, Jet Airways Ltd


Etihad files lawsuit in Britain against Air Berlin administrators | ZAWYA MENA Edition

Etihad files lawsuit in Britain against Air Berlin administrators | ZAWYA MENA Edition:Abu Dhabi's Etihad Airways said on Wednesday it had commenced legal proceedings in London against the administrators of Air Berlin.In December, the German airline's insolvency administrator sued Etihad for damages of up to 2 billion euros ($2.26 billion) in a Berlin court, saying Etihad did not meet its financial obligations towards Air Berlin. State-owned Etihad filed its case on Wednesday in the High Court i...
Tags: Travel, London, Berlin, High Court, Britain, Abu Dhabi, Etihad, Etihad Airways, Air Berlin, Rupert Neil Bumfrey, Air Berlin State


India's SBI says lenders awaiting SEBI decision on Etihad offer for Jet Airways: paper | Reuters

India's SBI says lenders awaiting SEBI decision on Etihad offer for Jet Airways: paper | Reuters:The State Bank of India (SBI.NS) (SBI)-led consortium of lenders is waiting for India’s capital markets regulator to decide on a bailout offer by Etihad Airways for the financially stressed Jet Airways (JET.NS), SBI Chairman Rajnish Kumar said, the Business Standard reported on Saturday.The UAE-based carrier, which is a major shareholder in Jet, is seeking an exemption from the Securities and Exchang...
Tags: Travel, India, Etihad, Uae, Jet Airways, Reuters, Etihad Airways, SEBI, Securities and Exchange Board of India SEBI, SBI, Kumar, Business Standard, Rupert Neil Bumfrey, Rajnish Kumar, State Bank of India SBI NS SBI, Jet Airways JET NS SBI


Etihad offers to invest in Jet Airways at 49% discount

Etihad offers to invest in Jet Airways at 49% discount:Etihad Airways has offered to pick up shares of debt-laden Jet Airways Ltd at a 49 per cent discount and to immediately release $35 million (Dh128.55 million) to bail out the troubled carrier if certain conditions are met, CNBC-TV18 reported.Shares of Jet Airways, in which Etihad already has a 24 per cent stake, fell as much as 7.5 per cent to Rs271.75 ($3.83; Dh14.10) in their biggest intraday drop since early December, after CNBC-TV18 repo...
Tags: Travel, Etihad, Cnbc, Jet Airways, Etihad Airways, Rupert Neil Bumfrey, Tony Douglas, Jet Airways Ltd, State Bank of India Jet


#Qatar Airways CEO: not interested in Jet Airways as backed by 'enemy' state | Reuters

Qatar Airways CEO: not interested in Jet Airways as backed by 'enemy' state | Reuters:Qatar Airways will not buy a stake in Jet Airways (JET.NS) as a substantial portion of the debt-laden Indian carrier is held by Etihad Airways, whose owner Abu Dhabi is an “enemy” of Qatar, its CEO Akbar al-Baker said on Tuesday.Abu Dhabi is part of the United Arab Emirates that cut ties with Qatar in 2017 over accusations of supporting terrorism. Doha denies the charges. The UAE, together with Saudi Arabia, Eg...
Tags: Travel, Qatar, United Arab Emirates, Abu Dhabi, Mumbai, Bahrain, Etihad, Doha, Uae, Jet Airways, Reuters, Qatar Airways, Etihad Airways, Saudi Arabia Egypt, Akbar Al Baker, Rupert Neil Bumfrey


Etihad to raise stake in cash-strapped Jet Airways: source | Reuters

Etihad to raise stake in cash-strapped Jet Airways: source | Reuters:Etihad Airways, which owns 24 percent of debt-laden company Jet Airways (JET.NS), plans to increase its stake in the Indian airline, a source close to the Abu Dhabi carrier told Reuters on Monday.Shares in India’s Jet Airways jumped over 18 percent on Monday after CNBC TV18 reported earlier on Monday that founder and chairman Naresh Goyal was likely to step down from the board and give up majority control. The report also said ...
Tags: Travel, India, Abu Dhabi, Etihad, Cnbc, Jet Airways, Reuters, Etihad Airways, Goyal, Rupert Neil Bumfrey, Naresh Goyal, Jet Airways JET NS


Ailing Gulf Giant #Etihad Scraps Airbus Orders, Cuts Pilot Jobs - Bloomberg

Ailing Gulf Giant Etihad Scraps Airbus Orders, Cuts Pilot Jobs - Bloomberg:Etihad Airways scrapped orders for Airbus SE jetliners and revealed plans to cut 50 pilot posts as the Persian Gulf carrier seeks to slim down operations amid mounting losses.Abu Dhabi-based Etihad canceled the purchase of 10 A320neo single-aisle jets, based on the latest monthly order figures from Airbus, while a letter to staff indicates that the flight-crew jobs, representing about 2.4 percent of pilots, will be elimin...
Tags: Travel, Airbus, Abu Dhabi, Etihad, Qatar Airways, Etihad Airways, Persian Gulf, Rupert Neil Bumfrey, Tony Douglas


#AbuDhabi's Etihad to cut 50 pilots after big loss last year: sources | Reuters

Abu Dhabi's Etihad to cut 50 pilots after big loss last year: sources | Reuters:Etihad Airways plans to cut 50 pilot jobs by end of this month after a significant loss last year, two sources who have seen an internal memo by the airline told Reuters on Thursday. The state-owned Gulf carrier has been reviewing its business since 2016 after a strategy of investing billions of dollars in other airlines failed.Etihad has around 160 surplus pilots and will lay off 50 by the end of January, the airlin...
Tags: Travel, Abu Dhabi, Etihad, Gulf, Reuters, Etihad Airways, Rupert Neil Bumfrey, Abudhabi


Etihad Laying Off Pilots

Worldwide there’s a significant pilot shortage in commercial aviation. However at Etihad, where the airline has been scaling back from an expansive growth posture, they believe they have too many pilots. According to an internal memo Etihad will be laying off some of their excess pilots this month. Continue reading Etihad Laying Off Pilots...
Tags: Travel, Advice, Etihad


Possible Merger: Delta and Alitalia Executives to Meet in Atlanta for Talks

Alitalia is in the midst of restructuring, since Etihad pulled the plug and stopped subsidizing the Italian flag carrier. Before Etihad pumped money in, Air France lost their shirt on the carrier. Two months ago it was reported that Delta had submitted a binding offer to invest in the Italian airline. Continue reading Possible Merger: Delta and Alitalia Executives to Meet in Atlanta for Talks...
Tags: Travel, Advice, Atlanta, Delta, Etihad, Alitalia, Air France, Alitalia Executives, Before Etihad


Dnata to manage Etihad Airways contact centres

Dnata to manage Etihad Airways contact centres:Dnata, the Dubai-based air services provider owned by Emirates Group, is to manage Etihad Airways’ contact centres, in what appears to be the latest step towards closer cooperation between the two rivals.The contact centres were formerly managed by Etihad itself, and this is the first time it has appointed a third-party to manage those operations. Dnata told Gulf News that it will help Etihad provide customer service to its passengers through “innov...
Tags: Travel, Dubai, Etihad, Etihad Airways, Gulf News, Emirates Group, Rupert Neil Bumfrey, Dnata


Reviewing Your 2018 Predictions and Making Your 2019 Picks

It’s the end of the year, and you know what that means. It’s time to look back at your predictions for 2018 as well as make you picks for what you think will happen in 2019. The 2017 review saw almost 100 comments, and it has been quite the pain to try to organize all of these. So for this year’s picks, things are changing. I will only include one pick from each commenter in the year-end review. You can write down as many as you want, but only the first one you write will be inclu...
Tags: Travel, Europe, Usa, UK, London, Australia, White House, Boston, Oil, Miscellaneous, US, Alabama, Qatar, Ted, Chicago, Atlantic



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