Etihad Airways becomes airberlin's biggest single shareholder
CEO James Hogan said the deal was one of the most important in Etihad Airways’ history
New partnership with airberlin expands Etihad's network reach, giving it access to 33 million new passengers.
Dubai: UAE carrier Etihad Airways said it has agreed to increase its stake in airberlin, Europe’s sixth largest airline, to 29.21 per cent, becoming airberlin’s largest single shareholder.
The strategic move, announced on Monday in Berlin by Etihad Airways Chief Executive Officer James Hogan and airberlin CEO Hartmut Mehdorn, connects the airlines’ extensive networks and frequent flyer programs to offer travellers 239 destinations across 77 countries.
Hartmut Mehdorn said: “The strategic partnership with Etihad Airways opens up enormous opportunities for the future of our company.”
“This applies especially to future market development and the realization of synergies,” Mehdorn said. “One of the key components of the new partnership is the launch of airberlin services to Abu Dhabi, which will become our new gateway to Asia and Australia.”
http://gulfnews.com/business/aviati...rberlin-s-biggest-single-shareholder-1.953561
CEO James Hogan said the deal was one of the most important in Etihad Airways’ history
New partnership with airberlin expands Etihad's network reach, giving it access to 33 million new passengers.
Dubai: UAE carrier Etihad Airways said it has agreed to increase its stake in airberlin, Europe’s sixth largest airline, to 29.21 per cent, becoming airberlin’s largest single shareholder.
The strategic move, announced on Monday in Berlin by Etihad Airways Chief Executive Officer James Hogan and airberlin CEO Hartmut Mehdorn, connects the airlines’ extensive networks and frequent flyer programs to offer travellers 239 destinations across 77 countries.
Hartmut Mehdorn said: “The strategic partnership with Etihad Airways opens up enormous opportunities for the future of our company.”
“This applies especially to future market development and the realization of synergies,” Mehdorn said. “One of the key components of the new partnership is the launch of airberlin services to Abu Dhabi, which will become our new gateway to Asia and Australia.”
http://gulfnews.com/business/aviati...rberlin-s-biggest-single-shareholder-1.953561