Etihad annuncia accordi di code share con Air Europa


kenyaprince

kenyaprince

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20 Giugno 2008
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Etihad opens up Spain with Air Europa deal


Etihad has signed a codeshare agreement with Air Europa, which will see the Spanish carrier starting a three-times weekly flight from Madrid to Abu Dhabi.

The agreement, which is subject to regulatory approvals, will see the new flights start in late 2014.

Etihad Airways will place its EY flight code on the new Airbus A330 operated flights, offering direct access to Madrid for the very first time.

The carriers said Etihad would also initially place its code on Air Europa-operated flights to Madrid from Amsterdam, Brussels and Milan Malpensa and beyond Madrid to Barcelona and Palma de Mallorca.

Meanwhile, Air Europa will place its UX flight code on Etihad Airways flights from Amsterdam, Brussels and Milan Malpensa to Abu Dhabi.

During summer 2014, both airlines plan to expand the number of codeshare destinations to include new cities in Spain and South America via Madrid, and more cities beyond Abu Dhabi across the Gulf region, Africa, Asia, and Australia.

Etihad Airways’ president and CEO, James Hogan, said: “We have been keen to offer our customers direct access to the Spanish capital for a number of years, and doing this now in partnership with Air Europa makes perfect business sense. It is the right thing to do.”

Juan José Hidalgo, Air Europa’s president and CEO added: “As one of the most important operators to the American continent, especially Central and South America via our hub in Madrid, for Air Europa the agreement between the two airlines is a step forward in a global market.”
 
Sono i problemi di chi si trova tra le mani 800-1000 MLD$. Non deve essere facile investirli tutti. Non appena hai piazzato un paio di MLD per rilevare qualche azienda in giro per il mondo, ecco che te ne trovi subito altrettanti ricavati dal petrolio.
Sono davvero problemi...
 
giammy83 ha detto:
Per essere del club Ulisse si deve viaggiare molto :D
Clicca per espandere...

E' Freccia Alata, non Ulisse. Se ti interessano i CE puoi dare un'occhiata qui, c'è un nuovo logo con la Freccia che ora sto usando come avatar.

/Fine OT

belumosi ha detto:
Sono i problemi di chi si trova tra le mani 800-1000 MLD$. Non deve essere facile investirli tutti. Non appena hai piazzato un paio di MLD per rilevare qualche azienda in giro per il mondo, ecco che te ne trovi subito altrettanti ricavati dal petrolio.
Sono davvero problemi...
Clicca per espandere...

Sì, da una parte sembrano avere più soldi di quelli che possono spendere, dall'altra quando si tratta di AZ dicono di essere cauti e di non voler fare "beneficenza"...
 
I soldi li fanno perchè partendo da risorse eccellenti poi non fanno beneficenza.
 
incredibile la capacita' di EY di mettere i piedi nelle staffe di piu' vettori appartenenti ad alleanze diverse; praticamente pescano serenamente in OW, ST e SA e il loro FQTV program prevede, ovviamente, accumulo miglia/punti con tutti i vettori con cui hanno accordi.
Ma come alcuni altri EAU carriers, se ne guardano bene dall'entrare in un'alleanza... ;)
 
The new codeshare agreement announced this week by Air Europa and Etihad is clearly based on each party gaining access to parts of the other’s network that complement their own. Air Europa will link its Madrid hub to Etihad’s in Abu Dhabi, giving the latter non-stop access to Spain for the first time (albeit via codeshare), but this deal does not seem to be about Europe.
Air Europa’s greatest asset is its Latin American network, where Etihad has only one destination currently. Under the new deal, Etihad will have the widest access to Latin America of the three big Gulf carriers. For its part, Air Europa is currently absent from Asia Pacific and the Middle East, but it will gain better access to these regions through Etihad than its Spanish rival Iberia has through its oneworld partners.
The agreement also casts the spotlight once more on the development of airline alliances. On the surface, this is just another bilateral partnership, but it raises further questions. For example, what does the addition of another codeshare agreement between Etihad and a SkyTeam member mean for that alliance grouping, as the ties grow stronger? How will arch-enemy Delta view its SkyTeam partners' ever-closer friend? And is this new codeshare a precursor to Air Europa’s joining the Etihad ‘Equity Alliance’?

[h=3]Air Europa’s new Madrid-Abu Dhabi service will carry the Etihad code; other European cities will also carry both codes[/h]Under the new codeshare, signed on 20-Jan-2014, Air Europa will commence a three times weekly service from Madrid to Abu Dhabi in late 2014, using Airbus A330 aircraft. This Air Europa-operated route will also have Etihad’s code, as will Air Europa’s services to Amsterdam, Barcelona, Brussels, Milan Malpensa and Palma de Mallorca. In return, Air Europa’s code will be placed on Etihad’s services from Abu Dhabi to Amsterdam, Brussels and Milan Malpensa.
Etihad Airways president and CEO James Hogan said in a statement: "The fact that Air Europa has chosen Abu Dhabi for the next wave of its international expansion, speaks volumes of what the emirate and our global hub have to offer. We have been keen to offer our customers direct access to the Spanish capital for a number of years, and doing this now in partnership with Air Europa makes perfect business sense. It is the right thing to do. The new route will support the growing trade volumes between the UAE and Spain, up 75% over the last three years, introduce more Spanish business and leisure travellers to the world class city that is Abu Dhabi, not to mention, make access to Abu Dhabi, Madrid and numerous destinations across our combined networks easier than ever."
Air Europa’s new service will be the only service between Spain and Abu Dhabi, but not the only service between Spain and the Gulf. Its three times weekly operation compares with Emirates’ existing twice daily 777-300ER/-200LR service between Madrid and Dubai (a service that also carries Qantas’ code). This is strong competition.
Air Europa Lineas Aereas international seat capacity by region: 20-Jan-2014 to 26-Jan-2014
AE1.png

Source: CAPA - Centre for Aviation and OAG
[h=3]The codeshare will extend to other parts of both networks[/h]The two carriers plan to extend the codeshare in summer 2014 to include additional Air Europa destinations in Spain and, perhaps more significantly for Etihad, in South America. Air Europa will also see its code on Etihad flights to Africa, Asia, Australia and the Gulf. The agreement is subject to regulatory approval.
Air Europa president and CEO Juan José Hidalgo said: "We have chosen Abu Dhabi and Etihad Airways as the gateway to India, China, Australia and other destinations served in the Far East. As one of the most important operators to the American continent, especially Central and South America via our hub in Madrid, for Air Europa the agreement between the two airlines is a step forward in a global market. Both airlines will provide an excellent link between America and Asia via Madrid and Abu Dhabi."
Etihad Airways international seat capacity by region: 20-Jan-2014 to 26-Jan-2014
AE2.png

Source: CAPA - Centre for Aviation and OAG
[h=3]Etihad does not serve Spain, but has good connections in Europe via partners[/h]Out of a total of 78 international passenger destinations, Etihad operates to 34 in Asia Pacific, 17 in Europe, 14 in Middle East, eight in Africa, four in North America and just one in Latin America (source: OAG, as of 26-Jan-2014). It does not serve the Spanish market – the only large Western European market that it does not serve directly – but existing European codeshare partners airberlin, KLM, Brussels Airlines, Alitalia and Air France offer EY-coded flights via their respective hubs.
Indeed, Etihad already has an extensive list of 41 codeshare partners across the globe, including 19 in Europe. In addition to the 17 European destinations served by Etihad using its own equipment, its codeshare partners offer a further 81 European destinations. While the combined networks of Etihad and its codeshare partners offer a significant number of European destinations, the new non-stop codeshare flight to Madrid will be a welcome addition.
Etihad Airways codeshare partners (as at 21-Jan-2014)
Airline
Region
Aer Lingus
Europe
Air Astana
Asia Pacific
Air Canada
North America
Air France
Europe
Air Malta
Europe
Air New Zealand
Asia Pacific
Air Serbia
Europe
Air Seychelles
Asia Pacific
airBaltic
Europe
airberlin
Europe
Alitalia
Europe
All Nippon Airways
Asia Pacific
American Airlines
North America
Asiana Airlines
Asia Pacific
Bangkok Airways
Asia Pacific
Belavia
Europe
Brussels Airlines
Europe
China Eastern Airlines
Asia Pacific
CSA Czech Airlines
Europe
Cyprus Airways
Europe
Flybe
Europe
flynas
Middle East
Garuda Indonesia
Asia Pacific
Hainan Airlines
Asia Pacific
Jet Airways
Asia Pacific
Kenya Airways
Africa
KLM Royal Dutch Airlines
Europe
Korean Air
Asia Pacific
Malaysia Airlines
Asia Pacific
Middle East Airlines
Middle East
NIKI
Europe
Olympic Air
Europe
Royal Air Maroc
Africa
S7 Airlines
Europe
Saudia
Middle East
South African Airways
Africa
SriLankan Airlines
Asia Pacific
TAP Portugal
Europe
Turkish Airlines
Europe
Vietnam Airlines
Asia Pacific
Virgin Australia
Asia Pacific
Source: CAPA – Centre for Aviation
[h=3]Air Europa codeshare gives Etihad much greater access to South America[/h]Nevertheless, of greater strategic importance to Etihad than the non-stop flights to Spain will be the addition of Air Europa’s South American network to its offer. Etihad currently serves only Sao Paulo using its own equipment and has no Latin American codeshare partners.
According to data from OAG for 26-Jan-2014, Air Europa has 12 Latin American destinations in its network (and a further nine in Mexico via its codeshare partner Aeromexico). Its market niche to Latin America is an important strategic asset, especially on routes to the Caribbean, where Iberia is a relatively small player. Moreover, Air Europa has targeted Latin America for further growth.
See related reports:

The new codeshare agreement will allow Etihad to offer Latin American passengers connections to its Asia Pacific, Middle East and African destinations, albeit via a double connection at Madrid and Abu Dhabi. Emirates has three destinations in Latin America (Buenos Aires, Rio de Janeiro and Sao Paulo) and Qatar Airways has two (Buenos Aires and Sao Paulo).
Although the Emirates/Qantas partnership offers more destinations in the Middle East and Asia Pacific, Etihad/Air Europa will have a bigger presence in Latin America. Qatar Airways’ codeshare with Gol gives it a large indirect footprint in Brazil, but, overall, Etihad’s new deal gives it arguably the biggest presence (through codeshare) among the Gulf Three across Latin America.
Air Europa destinations in Latin America
Buenos Aires Ezeiza International Airport
Cancun Airport
Caracas Simon Bolivar International Airport
Havana Jose Marti International Airport
La Romana Airport
Lima Jorge Chavez International Airport
Montevideo Carrasco Airport
Punta Cana International Airport
Salvador Luis E Magalhaes Airport
Santa Cruz Viru Viru International Airport
Santo Domingo Las Americas International Airport
Sao Paulo Guarulhos International Airport
Source: CAPA – Centre for Aviation
[h=3]Another codeshare for Etihad with a SkyTeam member[/h]Although Etihad’s CEO James Hogan has called the global alliances “fractured” and Etihad is not interested in joining one, it is interesting to note that the Air Europa agreement gives Etihad another codeshare with a SkyTeam member.
It already has bilateral codeshare agreements with 10 SkyTeam members: Air France, KLM, Alitalia, China Eastern, CSA Czech, Garuda, Kenya Airways, Korean Air, Saudia and Vietnam Airways.
See related report: Airberlin receives a vote of confidence from Etihad, but how will the relationship evolve now?
In addition, Etihad has a codeshare agreement with, and equity investment in, oneworld member airberlin and codeshares with other oneworld members, including American Airlines, Malaysia Airlines and S7. Etihad also has codeshares with eight Star Alliance members, including TAP Portugal, Turkish Airlines, Air Canada, South African Airways and ANA.
Whether deliberate or not, Etihad has more codeshares involving SkyTeam members than members of the other global alliances. At a SkyTeam hub such as Amsterdam, there will be a series of codeshare flights forming a kind of triangular relationship between Etihad, Air Europa and KLM. In this way, Etihad’s influence with individual SkyTeam members, if not necessarily with SkyTeam itself, is growing. Air France, once the Gulf carriers' strongest opponent is increasingly seizing the opportunity to expand the relationship - if for no other reason than if they don't someone else is going to.
Certainly, any fractures that exist within SkyTeam (or the other global alliances) are likely to be further exposed by its members’ growing tendency pragmatically to seek value from an airline previously perceived as a threat and now as an option for strategic development.
[h=3]Air Europa will leapfrog Iberia and its partners in Africa, Asia Pacific and the Middle East[/h]For its part, Air Europa’s international network outside Europe and Latin America consists only of one destination in Africa (Dakar in Senegal), with no destinations in the Middle East or Asia Pacific. Almost at a stroke, the new agreement will add up to 14 Middle East destinations and 34 Asia Pacific destinations using Etihad’s network under codeshare.
Air Europa’s great rival in Spain, Iberia, has no Asia Pacific destinations and only one in the Middle East (Tel Aviv). Through codeshares with IAG sister carrier British Airways, Iberia can offer seven Asia Pacific destinations. It also has 10 codeshare destinations operated by partners in the Middle East (mainly via BA).
Air Europa’s codeshare with Etihad will leapfrog Iberia and its partners in terms of the number of destinations in these two regions. In Latin America, Iberia has 16 destinations versus Air Europa’s 12, but Air Europa/Etihad will be able to offer Latin American passengers a greater number of global connections than Iberia and its partners can.
[h=3]Will Air Europa join Etihad’s equity alliance?[/h]Speaking at a recent joint press conference with airberlin, Etihad CEO James Hogan summarised Etihad’s partnership strategy: “Global reach is beyond the capability of any single airline”. There are three aspects of its strategic approach: organic growth, codeshares and Etihad’s ‘Equity Alliance’.
The agreement with Air Europa further extends the second of these elements, taking Etihad’s number of codeshare partners to 42. It is also bound to raise the question of whether the relationship may evolve to embrace Air Europa in Etihad’s equity alliance, adding to the seven investments already made?
This is not part of the agreement and neither party has suggested that it could be. Nevertheless, Etihad’s recent history of taking stakes in a range of European carriers (airberlin, Aer Lingus, Air Serbia and DarwinAirline/Etihad Regional) makes it reasonable to consider the possibility. Etihad may see this as a way to cement the codeshare relationship and to strengthen the co-operation with Air Europa. Moreover, there appear to be both financial and strategic reasons why Air Europa’s parent company, the privately-owned travel group Globalia, might be open to an equity relationship with Etihad.
Air Europa and Globalia were loss-making in 2012, according to Globalia’s annual report. At the end of 2012, the Globalia group had a cash balance of EUR57 million, equivalent to only one week of revenues. While its balance sheet net debt had fallen to just under half of the book value of its equity, the addition of capitalised operating leases meant that adjusted net debt was more than eight times equity. This brief analysis of Globalia’s balance sheet suggests that the group may be open to an influx of funds. This would give it a comfort cushion and also help it rise on the wave of new access it gains from the Etihad partnership.
In a report in Aug-2013, CAPA concluded that Air Europa was a cost efficient operator, but that its product and network were not strong enough to attract the necessary revenue premium. Etihad has strengths in both of these areas, which could potentially be of benefit to Air Europa if a deeper relationship were to evolve. Moreover, if synergies in areas such as procurement could be developed, thereby further improving Air Europa’s cost efficiency, it might be able to be profitable without a significant revenue uplift.
See related report: Air Europa: it started competition in Spain, but now pays the price, despite unit cost efficiency
[h=3]Whether or not equity involvement is on the cards, this arrangement has strong mutual benefits[/h]Financially and strategically, then, Globalia/Air Europa could potentially benefit from selling an equity stake in the airline to Etihad. However, the case is not clear cut. Globalia’s finances may have improved during 2013 and/or it may prefer to rely on existing investors. In addition, Air Europa may feel that its own network and product development, supplemented by the Etihad codeshare, sufficiently fulfil its strategic aims.
Moreover, Etihad cannot be expected to invest in the equity of every one of its codeshare partners and it is reported currently to be considering an investment in Alitalia. Etihad has a lot of relationships to manage already, whether codeshare, equity, or both, and this presents a not insignificant management challenge.
On balance, it seems more likely that Etihad and Air Europa will focus for now on extracting as much value as possible from the codeshare agreement without adding an equity relationship. There should be plenty of time for that as the relationship deepens.

CAPA
 
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