Etihad Airways has become the largest stakeholder in Germany’s second largest airline, Air Berlin.
As per the deal that was signed by the two airlines on Monday, Abu Dhabi Airport based Etihad Airways will furnish $255 million for the fleet improvement and network growth at Air Berlin and in return will acquire two seats on the board of directors of Air Berlin.
The deal also covers a code share agreement that grants Etihad Airways access to Air Berlin’s European short-distance network, and to the German capital of Berlin.
Air Berlin has decided to shift its Middle East operation from Dubai to Abu Dhabi and will operate flights to Abu Dhabi from Berlin four times a week. According to the agreement, from January 15, 2012 the German carrier Air Berlin will operate four A330-200 flights to Abu Dhabi per week. This service will grant the European travellers access to 29 flights per week between Abu Dhabi and four German hubs.
The agreement between the two airlines will perhaps be worthwhile for the budget-oriented European and Middle East travellers seeking cheap flight tickets to travel between two destinations. A further rise in flight frequency which is planned by mid April is sure to assist travellers in landing up with cheap flight tickets.
As per Air Berlin’s website “Etihad Guest and topbonus, the airlines’ frequent flyer programs, will be integrated, enabling passengers of both airlines to ‘earn and burn’ on each other’s flights and offering reciprocal benefits - including status earning - to top tier members”.
Etihad Airways has raised its stake in Air Berlin from 2.99 percent to 29.2 percent, followed by the ESAS, Pegasus Airlines’ parent company.
Reference
Showing posts with label Etihad Airways News. Show all posts
Showing posts with label Etihad Airways News. Show all posts
Thursday, December 22, 2011
Thursday, December 15, 2011
Etihad Airways announced to place order for Dreamliners and Boeing Freighters
Reference
On Monday, the Etihad Airways announced that it would place an order for 10 787-9 Dreamliners and two Boeing 777 Freighters. This deal of worth $2.8 billion approx has made the airline the world's biggest Dreamliner consumer.
Being two of the most fuel-efficient aircraft in the world, Boeing 787 Dreamliner and 777 have gained much popularity in the world of air travel. With the purchase of 10 787-9 Dreamliners and two Boeing 777 Freighters, Etihad Airways is hoping that this deal would speed up the company's growth as it has been flourishing quickly since the beginning of year 2003.
The flag airline of UAE, Etihad Airways is one of the fastest-growing airlines in the world. The airline operates flights to almost 70 destinations in nearly 50 countries. The airline may not be highly popular for selling tickets on cheap flights to UAE or other destinations yet stay on the top of the preference list of millions of travellers due to its premium facilities and services. Now, with airline’s decision to purchase 10 787-9 Dreamliners, which are 20 percent extra fuel efficient, the airline is expected to reduce its operating cost and pass on the benefit to travellers in the form of cheap tickets.
If not all airline routes, travellers booking on 787 routes to and from Abu Dhabi are likely to net cheap flights to UAE and save on holiday trips to tour the country.
Abu Dhabi Airport is the hub for Etihad and with cheaper tickets, the already sought after city will also become a preferred port of entry for those planning to travel to UAE.
The first commercial debut of the 787 Dreamliner was originally scheduled for 2008 but took place only this October. Due to such an extended hold-up in the production, many airlines have reportedly withdrawn their orders Boeing.
On Monday, the Etihad Airways announced that it would place an order for 10 787-9 Dreamliners and two Boeing 777 Freighters. This deal of worth $2.8 billion approx has made the airline the world's biggest Dreamliner consumer.
Being two of the most fuel-efficient aircraft in the world, Boeing 787 Dreamliner and 777 have gained much popularity in the world of air travel. With the purchase of 10 787-9 Dreamliners and two Boeing 777 Freighters, Etihad Airways is hoping that this deal would speed up the company's growth as it has been flourishing quickly since the beginning of year 2003.
The flag airline of UAE, Etihad Airways is one of the fastest-growing airlines in the world. The airline operates flights to almost 70 destinations in nearly 50 countries. The airline may not be highly popular for selling tickets on cheap flights to UAE or other destinations yet stay on the top of the preference list of millions of travellers due to its premium facilities and services. Now, with airline’s decision to purchase 10 787-9 Dreamliners, which are 20 percent extra fuel efficient, the airline is expected to reduce its operating cost and pass on the benefit to travellers in the form of cheap tickets.
If not all airline routes, travellers booking on 787 routes to and from Abu Dhabi are likely to net cheap flights to UAE and save on holiday trips to tour the country.
Abu Dhabi Airport is the hub for Etihad and with cheaper tickets, the already sought after city will also become a preferred port of entry for those planning to travel to UAE.
The first commercial debut of the 787 Dreamliner was originally scheduled for 2008 but took place only this October. Due to such an extended hold-up in the production, many airlines have reportedly withdrawn their orders Boeing.