Lufthansa and Etihad are in talks to merge the two airlines according to Reuters. Lufthansa denies, Etihad has no comment.
http://in.mobile.reuters.com/article/idINKBN151100
Lufthansa and Etihad merger?
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Re: Lufthansa and Etihad merger?
Etihansa
Luftihad
Luftihad
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Shengenzone
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Re: Lufthansa and Etihad merger?
Or Lufthansa union, as Etihad is a romanisation of إتّحاد which means union.
Re: Lufthansa and Etihad merger?
André
ex Sabena #26567
ex Sabena #26567
Re: Lufthansa and Etihad merger?
Denied according to sources: http://www.reuters.com/article/us-lufth ... SKBN151100
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Boeing767copilot
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Re: Lufthansa and Etihad merger?
Etihad Aviation Group's CEO says partnership strategy is a core element of growth
Etihad Aviation Group's partnership strategy has been a core element of the growth of the business, said President and chief executive officer James Hogan in a speech today.
Delivering a keynote at the 19th Annual Global Airfinance Conference in Dublin, Hogan said the strategy, which resulted in 5.5 million guests connecting onto the Etihad Airways network from codeshares and partners in 2016, had delivered revenue and synergy benefits.
“Our investments had an immediate impact on the revenue side, delivering hundreds of millions of dollars in additional revenues and allowing us to fill our onward connecting flights. Those benefits have been replicated in all our minority investments – in airberlin, Alitalia, Jet Airways, Virgin Australia, Air Serbia, Air Seychelles and Etihad Regional.
“We also believed our minority investments would unlock an additional advantage that the global alliances were simply unable to use. Because we had ’skin in the game’, we could work on joint procurement and other business synergies which would save us – and our partners - hundreds of millions of dollars. Again, we have seen similar benefits from each of our investments, with those synergies being shared by all the partners.”
Hogan said the third goal of the equity investments, to allow the management of these airlines to reshape their businesses into sustainable profitable operations, required a longer term view.
“Of course, their business strategies remained in the hands of the local management in each case. We are pleased to support management, and to advise where requested, but the plans and implementation are in their hands.
“In this third area, we have had some strong results but we also face some significant challenges. Jet Airways, Air Serbia, Air Seychelles, Virgin Australia and Etihad Regional have all used our capital investments to help structure their businesses into more efficient and profitable operations. In those cases, our long term investments are already delivering a return.
“However, we have faced greater challenges with airberlin and with Alitalia. Both are operating in very tough competitive environments, and need to address long-standing issues facing their businesses.
“I believe airberlin’s strategy is now on track and Alitalia is finalising a business plan to address its issues.
“We are committed to our equity partner strategy – it delivers a huge amount to our business. Some of those airlines need to react to the market pressures they face, and we are supportive of that process.
“That approach has helped Etihad grow from a $300 million a year airline, to a diversified aviation group which delivers revenues of more than $26 billion. Etihad Airways sits at the heart of that business, of course, but is now only one element of a model which includes significant other businesses and investments.
“That evolution has not happened by accident. Etihad Aviation Group is now a solid, diversified business with strength in depth – and with the scale to shape its destiny in the future.”
Etihad Aviation Group's partnership strategy has been a core element of the growth of the business, said President and chief executive officer James Hogan in a speech today.
Delivering a keynote at the 19th Annual Global Airfinance Conference in Dublin, Hogan said the strategy, which resulted in 5.5 million guests connecting onto the Etihad Airways network from codeshares and partners in 2016, had delivered revenue and synergy benefits.
“Our investments had an immediate impact on the revenue side, delivering hundreds of millions of dollars in additional revenues and allowing us to fill our onward connecting flights. Those benefits have been replicated in all our minority investments – in airberlin, Alitalia, Jet Airways, Virgin Australia, Air Serbia, Air Seychelles and Etihad Regional.
“We also believed our minority investments would unlock an additional advantage that the global alliances were simply unable to use. Because we had ’skin in the game’, we could work on joint procurement and other business synergies which would save us – and our partners - hundreds of millions of dollars. Again, we have seen similar benefits from each of our investments, with those synergies being shared by all the partners.”
Hogan said the third goal of the equity investments, to allow the management of these airlines to reshape their businesses into sustainable profitable operations, required a longer term view.
“Of course, their business strategies remained in the hands of the local management in each case. We are pleased to support management, and to advise where requested, but the plans and implementation are in their hands.
“In this third area, we have had some strong results but we also face some significant challenges. Jet Airways, Air Serbia, Air Seychelles, Virgin Australia and Etihad Regional have all used our capital investments to help structure their businesses into more efficient and profitable operations. In those cases, our long term investments are already delivering a return.
“However, we have faced greater challenges with airberlin and with Alitalia. Both are operating in very tough competitive environments, and need to address long-standing issues facing their businesses.
“I believe airberlin’s strategy is now on track and Alitalia is finalising a business plan to address its issues.
“We are committed to our equity partner strategy – it delivers a huge amount to our business. Some of those airlines need to react to the market pressures they face, and we are supportive of that process.
“That approach has helped Etihad grow from a $300 million a year airline, to a diversified aviation group which delivers revenues of more than $26 billion. Etihad Airways sits at the heart of that business, of course, but is now only one element of a model which includes significant other businesses and investments.
“That evolution has not happened by accident. Etihad Aviation Group is now a solid, diversified business with strength in depth – and with the scale to shape its destiny in the future.”
Re: Lufthansa and Etihad merger?
And not one word about LH? They have discussed together, when LH took 38 A320s from Air Berlin on wet-lease, and about the reorganisation of TUIfly, Air Berlin, Niki, etc.Boeing767copilot wrote: 18 Jan 2017, 16:45 Etihad Aviation Group's CEO says partnership strategy is a core element of growth
I think that LH and EY have been caught by surprise when their talks were divulged, they denied to be able to continue discussing quietly, far away from public attention.
André
ex Sabena #26567
ex Sabena #26567
Re: Lufthansa and Etihad merger?
If this is happening than we could see Jet Airways coming back to Brussels....
Hasta la victoria siempre.
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Homo Aeroportus
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Re: Lufthansa and Etihad merger?
REUTERS JAN29
Abu Dhabi's Etihad Airways and German carrier Lufthansa will hold a joint news conference this Wednesday Feb 1st, ..... in Abu Dhabi.
See : http://uk.reuters.com/article/uk-luftha ... KKBN15D0OC
LH said on Sunday the conference will be on future cooperation. James Hogan and Carsten Spohr will address the media.
H.A.
Abu Dhabi's Etihad Airways and German carrier Lufthansa will hold a joint news conference this Wednesday Feb 1st, ..... in Abu Dhabi.
See : http://uk.reuters.com/article/uk-luftha ... KKBN15D0OC
LH said on Sunday the conference will be on future cooperation. James Hogan and Carsten Spohr will address the media.
H.A.