Posts filtered by tags: Etihad[x]


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

Airlines We Lost 2018

As we wind toward the end of the year, it is time to take a look back on what we’ve lost in 2018. Dozens of airlines failed this year, and that’s not a surprise. Not all of them were beloved, but they should still be honored for giving it their best shot. Fortunately, we had no Etihad-related failures this year after last year’s banner effort. That’s right, Alitalia lives to see another year, and we can all be thankful for that. Airlines in Venezuela weren’t nearly as lucky, nor were some of...
Tags: Travel, Europe, New York, Sweden, Berlin, India, Africa, Israel, Global, US, Tel Aviv, Indianapolis, Frankfurt, Dusseldorf, Prague, Alaska

3 Links I Love: Air Italy Throws Money Away, Moxy Hires, OneJet Is DoneJet

This week’s featured link: Air Italy flights to Chicago risk rekindling row with U.S. carriers – ReutersAir Italy has been announcing a ton of new service to the US recently with flights from Milan to LA, San Francisco, and Chicago. Do I think that this is being funded by Qatar’s money? Yes. Do I think this is a bad idea? Yes. Do I think that it should be blocked because of that? Not yet. Any airline can raise money and make bad decisions. Just look at Alitalia with Etihad. Eventuall...
Tags: Travel, Milan, US, Qatar, Chicago, Canada, Etihad, Alitalia, Pittsburgh Business Times, David Neeleman, Moxy, LA San Francisco, Lukas Johnson, Air Italy, Air Italy Throws Money Away Moxy, ReutersAir Italy

Bankrupt Airline Wants Passenger to Pay For Flights That Never Took Off

oneworld airline air berlin was a basket case -- which is how Etihad bought into it in the first place. When Etihad withdrew its support, tired of the losses at the German carrier as well as at Italy's Alitalia, it collapsed. The bankruptcy administrator is seeking up to $2 billion in damages from Etihad. But they are also going after a passenger -- to pay for a flight that never happened, because it was for travel after the airline shut down. Continue reading Bankrupt Airline Wants Passenger ...
Tags: Travel, Advice, Italy, Etihad, Alitalia, Bankrupt Airline Wants Passenger

Air Berlin’s administrator sues #Etihad for up to €2 billion

Air Berlin’s administrator sues Etihad for up to €2 billion:The administrator of German airline Air Berlin is suing Abu Dhabi-based Etihad for up to €2 billion in damages, a Berlin court heard on Friday.The administrator alleges that the Abu Dhabi airline did not meet its financial obligations to Air Berlin, in which it was the majority shareholder.“The claims are for payment of $500 million and the establishment that the defendant is obliged to pay further damages. The Chamber has provisionally...
Tags: Travel, Berlin, Abu Dhabi, Etihad, Reuters, Air Berlin, Rupert Neil Bumfrey

The Jet Airways Meltdown Could Spell Trouble for Delta’s India Plans

A disrupted relationship with Jet Airways — from the carrier’s own troubles, and the possibility that Etihad takes back control — could stymie Delta’s indeterminate and underspecified promise to serve the market. Continue reading The Jet Airways Meltdown Could Spell Trouble for Delta’s India Plans...
Tags: Travel, Advice, Delta, Etihad, Jet Airways, Jet Airways Meltdown Could Spell Trouble for Delta

Etihad discusses rescue deal for India's Jet Airways with bankers: sources | Reuters

Etihad discusses rescue deal for India's Jet Airways with bankers: sources | Reuters:Abu Dhabi-based Etihad Airways, the second largest shareholder of Jet Airways Ltd (JET.NS), is holding talks with the debt-laden Indian carrier and its bankers on a rescue plan, two sources aware of the matter told Reuters. Shares in Jet Airways rose as much as 3 percent on Wednesday while the overall Mumbai market .BSESN was down 0.6 percent.Executives from Etihad, which owns a 24 percent stake in Jet, and the ...
Tags: Travel, Abu Dhabi, Mumbai, Etihad, Reuters, Etihad Airways, Rupert Neil Bumfrey, Jet Airways Ltd, India s Jet Airways, Reuters Shares in Jet Airways, State Bank of India SBI SBI NS

Etihad Refusing to Honor First Class Mistake Fare and Southwest Testing New Boarding Process

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 Etihad Refusing to Honor First Class Mistake Fare and Southwest Testing New Boarding Process...
Tags: Travel, Advice, Etihad, Southwest

Delta, easyJet, and the Italian Government Show Interest in the Worst Airline Ever

It’s been well over a year since Etihad pulled the plug on its failed Alitalia experiment.  That left Alitalia — officially known here as the worst airline ever — without a lifeline as it hemorrhaged what precious cash it had left.  The airline was living on borrowed time with cash infusions from the state, and there were big plans to sell it off to the highest bidder.  That process has taken far longer than anyone hoped, but we’re now one step closer thanks to real bids that have come in, inclu...
Tags: Travel, New York, Milan, Qatar, Italy, Delta, Ryanair, Easyjet, Etihad, Alitalia, Bologna, Philly, Delta Delta, Linate, Worst Airline Ever, Air Italy

Black Friday, Cyber Monday Sales – How to Get the Best Deals

Ah, Black Friday: Crazy shoppers, angry crowds, packed parking lots. The madness we endure to score a giant-screen TV. But what about cheap flights? Shop from the comfort of home this Black Friday (Nov. 23) and Cyber Monday (Nov. 26) or whenever – because these days special sales can pop up anytime. We've got some money saving tips on finding them, and don't miss the video below. Black Friday, Cyber Monday Deals Most airlines keep special sales a secret until the last minute, but a few...
Tags: Travel, Black Friday, Alaska, Etihad, Rick Seaney, American Black, Air Canada Black, Cathay Pacific Black, Delta Pre Black Friday, Emirates Black, Frontier Black, KLM Black, Southwest Pre Black, Spirit Pre Black Friday and Black, Ways to Find Black Friday Cyber Monday Deals Start

Etihad, Saudia ink codeshare partnership | ZAWYA MENA Edition

:Etihad Airways and Saudi national flag carrier Saudia have announced a new codeshare partnership, providing customers with access to more than 40 leisure and business destinations in the home markets and across the world.In addition to the codeshare agreement, the two carriers also announced plans for greater commercial cooperation in other fields, including frequent flyer programme benefits, cargo, and engineering and maintenance.The codeshare agreement was signed at Saudia headquarters in Jed...
Tags: Travel, Etihad, Jeddah, Etihad Airways, Rupert Neil Bumfrey, Saudi Arabian Airlines, Tony Douglas, Etihad Aviation Group, Saudia, Saleh bin Naser Al Jasser

Etihad and Abu Dhabi likely to reject bondholder complaints -sources | Reuters

Etihad and Abu Dhabi likely to reject bondholder complaints -sources | Reuters:Etihad Airways and Abu Dhabi’s Department of Finance are likely to reject calls for a meeting with disgruntled bond investors in the belief that their complaints have no legal merit, sources close to the matter told Reuters.In 2015 and 2016 Etihad issued $1.2 billion in bonds in a partnership with airlines it partly owned at the time, including Alitalia and Air Berlin. The bonds are now in default because the European...
Tags: Travel, Abu Dhabi, Etihad, Alitalia, Reuters, Etihad Airways, Department of Finance, Air Berlin, Rupert Neil Bumfrey, Abu Dhabi Department of Finance

Weekly Roundup, Friday 12 October, 2018

An Air Niugini Boeing 737 missed the runway but safely landed in the water – see story, below. Good morning First computer problems then medical problems (an ankle) forced an unplanned silence upon me, but here I am, happily back once more and sharing another selection of the great and the grim. Simultaneously on the great and grim side of things, we had a cancellation off our Christmas “Landcruise” of Northern France and Belgium.  As I do in such cases, I’m happy to give half the deposit as a...
Tags: Travel, Google, Facebook, Lyft, Europe, Halloween, UK, Indonesia, Australia, France, Miscellaneous, Disney, Cars, US, Newsletter, Bloomberg

Etihad is said to face investor challenge on bond commitment

Etihad is said to face investor challenge on bond commitment:A group of creditors to entities set up to finance affiliates of Etihad Airways said in a letter to the airline they were misled on its commitments to support part-owned carriers, two of which are now insolvent, a person familiar with the matter said.The investors say they bought bonds issued by EA Partners between 2015 and 2016 after Etihad implied it would back the affiliates including struggling carriers Alitalia and Air Berlin, acc...
Tags: Travel, Abu Dhabi, Etihad, Alitalia, Etihad Airways, Department of Finance, Air Berlin, Dechert, Rupert Neil Bumfrey, EA Partners

Etihad to add extra daily flight for Christmas

Extra frequency will launch in mid-Decembe
Tags: Travel, Etihad

Emirates Executive Says M&A Isn't in DNA of Long-Haul Carrier - Bloomberg

Emirates Executive Says M&A Isn't in DNA of Long-Haul Carrier - Bloomberg:Dubai airline Emirates is focused on organic growth and remains averse to expanding through acquisitions, an executive said, repeating a denial that the Persian Gulf giant is in talks to take over the airline arm of unprofitable neighbor Etihad.“Sure we want to lift synergies and create more efficiencies, but that is not a merger,” Hubert Frach, Emirates’s head of commercial operations for the Americas and Europe, said in ...
Tags: Travel, Europe, Americas, Bloomberg, Dubai, Edinburgh, Etihad, Persian Gulf, Rupert Neil Bumfrey, Hubert Frach Emirates, Frach

An Emirates/Etihad Merger Makes All Too Much Sense… So It May Not Happen

It’s all rumor at this point, but Bloomberg reported last week that Emirates and Etihad are talking about a merger.  This has been the subject of whispers for years, and that’s probably because it makes a great deal of sense.  The problem is, there’s ego and politics involved.  And when that happens, all bets are off. It sounds like the structure of the deal being discussed would have Emirates take over Etihad’s airline business.  (The other parts of Etihad’s business would remain separate.)  T...
Tags: Travel, Europe, Bloomberg, Emirates, United Arab Emirates, Dubai, Abu Dhabi, Virgin Australia, Etihad, Uae, Darwin, Air Serbia, Al Maktoum International Airport, Air Seychelles, Mergers/Finance, Dubai Emirates

Emirates-Etihad May Be Airline Deal of the Decade. Here's Why. - Bloomberg

Emirates-Etihad May Be Airline Deal of the Decade. Here's Why. - Bloomberg:A combination of Dubai-based Emirates and Abu Dhabi’s Etihad would be the airline industry’s deal of the decade, if it can be pulled off.Executives at the two companies have been quietly laying plans to create what would be the world’s biggest airline by passenger traffic, according to people familiar with the discussions. The group would have combined revenue of $29.3 billion and control almost 5 percent of the world’s a...
Tags: Travel, Bloomberg, Emirates, Dubai, Abu Dhabi, Etihad, Rupert Neil Bumfrey

Emirates Is Said to Explore Etihad Deal to Forge Biggest Airline - Bloomberg

Emirates Is Said to Explore Etihad Deal to Forge Biggest Airline - Bloomberg:Dubai’s flagship airline Emirates is looking at taking over unprofitable neighbor Etihad, according to four people familiar with the matter, in a move that would create the world’s biggest carrier by passenger traffic.The talks, which are at a preliminary stage, would see Emirates acquire the main airline business of Abu Dhabi’s Etihad, which would keep its maintenance arm, according to the people, who asked not to be n...
Tags: Travel, Dubai, Abu Dhabi, Etihad, American Airlines Group Inc, Rupert Neil Bumfrey, Forge Biggest Airline Bloomberg

Emirates, Etihad airlines deny report they may merge | Reuters

Emirates, Etihad airlines deny report they may merge | Reuters:State-owned Emirates and Etihad, two of the Middle East’s top airlines, denied a Bloomberg report on Thursday which quoted unnamed sources as saying Emirates was seeking to take over smaller Etihad to create the world’s largest carrier.“There is no truth to this rumor,” an Emirates spokeswoman told Reuters. Etihad made a similar statement.Emirates is owned by the government of Dubai, the region’s tourism hub, while Etihad is controll...
Tags: Travel, Bloomberg, Middle East, Emirates, United Arab Emirates, Dubai, Abu Dhabi, Etihad, Reuters, State, Emirates Etihad, Rupert Neil Bumfrey, Reuters Etihad

Emirates in Talks to Buy Etihad, Create World’s Largest Airline

Emirates is in negotiations to acquire Etihad, forming the world's largest airline by number of passengers carried. Etihad has been cutting costs and slashing routes after a $1.5 billion loss last year and a $2 billion loss the year before. They've been expected to walk away from some aircraft orders. I've read much of the changes at Emirates as cleaning up the balance sheet before getting acquired. Continue reading Emirates in Talks to Buy Etihad, Create World’s Largest Airline...
Tags: Travel, Advice, Emirates, Etihad, Etihad Create World

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