Etihad Airways increases with airberlin one
airberlin bonds gain significantly
Etihad Airways, the national airline of the United Arab Emirates intends its holding in Air Berlin, Europe's sixth largest airline, to increase to 29.21% and is thus airberlin's largest single shareholder. airberlin bonds may by notification of the transaction partly recorded significant gains. This strategic partnership, the CEO of Etihad Airways, James Hogan, and the CEO of Air Berlin, Hartmut Mehdorn, was announced, combines the extensive route networks and frequent flyer programs of both airlines and expanded its range of flights to destinations in 77 countries to 239. Hartmut Mehdorn: "The strategic partnership with Etihad Airways opens up unique possibilities for the future of our company ... This is particularly true in view of future market development and the realization of synergies ... One of the key elements of the new partnership is the inclusion of airberlin flights to Abu Dhabi that will be our new gateway to Asia and Australia ... The agreement with Etihad Airways is the global connection of our guests in Germany, Switzerland, Austria and improve in the countries of the GCC (Gulf Cooperation Council) and the Middle East significantly. " James Hogan described the agreement as one of the most important in the history of Etihad Airways. "This new partnership extends the reach of our network, giving us access to another 33 million passengers and provides the opportunity for global growth. By airberlin opens up a broad and complementary European market with excellent connectivity options for the customers of both airlines ... While, the last eight years have shown that our partnership strategy is an integral part of our success, which is reflected also economically ... We are always looking to grow for ways and partnerships are a good way to increase our global competitiveness ... Etihad Airways currently has partnerships with 34 major airlines, but this is our first participation in another carrier. It demonstrates the confidence that we put into the airberlin management and the potential to grow in the airline, with us ... We expect that this growth will create additional jobs in both Europe and the United Arab Emirates, "said James Hogan. "Etihad Airways and promote the airberlin group together more than 40 million annual passengers, operating 233 aircraft, and have 18,000 employees. Together to achieve a turnover of $ 9 billion ... We estimate that each airline can achieve additional revenues of between € 35 million and 40 million euros in its first year, and we are confident that this partnership has great potential order to increase the efficiency of both companies.