Etihad

Etihad Aviation Group celebrates UAE National day

Abu Dhabi - Muslimchronicle

Etihad Aviation Group (EAG) has marked the occasion of the UAE’s 46th National Day with a series of activities for staff, family and friends. It has become a tradition in recent years for the aviation and travel group to observe the birth of the nation with a cultural programme at its Abu Dhabi headquarters. The highly anticipated event draws thousands of staff andRead more

City stroll to victory to underline sheer class

London - Muslimchronicle

Kevin De Bruyne admitted Manchester City are growing in confidence after they swatted Arsenal aside 3-1 at the Etihad. Goals from De Bruyne, Sergio Aguero and Gabriel Jesus were enough to see off an Arsenal side who looked second best throughout. Not that that is a damning indictment. City are playing so well at the moment that it is hardRead more

Middle East air passenger demand slows in September

Dubai - Muslimchronicle

Middle East carriers in September recorded the slowest rise in air passenger demand since February 2009, primarily because of a slowdown in the North American market. Year-on-year growth in revenue passenger kilometers (RPKs), the industry bellwether for passenger demand, flown by Middle Eastern airlines slowed to 3.7 percent in September while annualized RPKs had just grown 2 percent since theRead more

Abu Dhabi’s Midfield airport terminal to open by Q4 2019

Dubai - Muslimchronicle

Abu Dhabi’s delayed new airport terminal is 86 percent complete and on course to open by the fourth quarter of 2019, the airport operator’s chairman said on Sunday. Local media reported in March the opening of the Dh10.8 billion Midfield Terminal at Abu Dhabi International had been pushed back two years to 2019, but did not say by which quarterRead more

Abu Dhabi’s Etihad Aviation Group appoints new chief executive

Dubai - Muslimchronicle

Etihad Aviation Group on Thursday said it has appointed Tony Douglas, former head of Abu Dhabi Airports and Abu Dhabi Ports, as the new group chief executive. Douglas replaced James Hogan, who stepped down in July after serving as chief executive of Etihad Airways since 2006 and moving up to his group chief executive role last year. Ray Gammell, whoRead more

European airlines flying towards consolidation

Berlin - Muslimchronicle

A dogfight over the assets of troubled Alitalia and Air Berlin heralds a new shake-up in the European airline industry -- but unless other carriers cut costs they may meet a similar fate themselves, analysts warn. Facing insolvency after key investor Etihad threw in the towel after years of trying to keep them flying despite losses, both airlines may now beRead more

Abu Dhabi’s Etihad Airways reports loss after Alitalia and Airberlin exposure

Dubai - Muslimchronicle

Abu Dhabi carrier Etihad Airways plunged to a $1.9 billion (SR7.13 billion) loss last year, hit by impairments on aircraft and investments in troubled European airlines. The loss, which compares with a net profit of $103 million a year earlier, was the first for one of the Middle East’s three largest airlines since it started making money in 2011. EtihadRead more

Etihad Airways says it lost $1.87 bn in 2016

Abu Dhabi - Muslimchronicle

Abu Dhabi's Etihad Airways said Thursday it posted a $1.87 billion loss last year, hit by "one-off" impairments on aircraft and investments in troubled Alitalia and airberlin. The government-owned carrier said total impairments amounted to $1.9 billion, including a $1.06 billion "charge on aircraft, reflecting lower market values and the early phase out of certain aircraft types." "There was alsoRead more

Etihad Airways sells minority stake in Darwin Airline

Dubai - Muslimchronicle

Etihad Airways has unloaded its minority interest on the European regional carrier Darwin Airline, its first divestment after management undertook a review of the Abu Dhabi airline’s strategy since last year. “The decision to sell this minority stake in Darwin is the result of our current strategic review of our investments and the choice to focus on our other partners,”Read more

DWE delegation visits Etihad Museum

Dubai - WAM

A delegation of the Dubai Women Establishment, DWE, recently visited Etihad Museum, following its official inauguration. During the visit, DWE representatives toured the museum through experience led-exhibitions which chronicle the events and the historical journey that led to the formation of the Union of the Emirates through photos, films, documentaries and collectibles. Shamsa Saleh, CEO of DWE stressed the importanceRead more