Etihad Aviation Group to forge new links with Europe’s airline group

EY-Etihad-Airways-new-logo-EnEtihad Aviation Group to forge new links with Europe’s airline group

Etihad Airways, a inhabitant conduit of a United Arab Emirates and Lufthansa German Airlines, partial of Europe’s largest airline group, currently announced a end of a codeshare agreement. The arrangement is set to start in Jan 2017, theme to supervision approval.

The wet-lease agreement between Lufthansa Group and airberlin – in that Etihad Aviation Group indirectly binds a 29 per cent interest – was also announced today. Lufthansa’s point-to-point conduit Eurowings and Austrian Airlines, a Lufthansa Group airline, have sealed an agreement to soppy franchise 38 aircraft from airberlin. 33 of these aircraft are to be operated for a Eurowings Group, an additional 5 aircraft are to be flown for Austrian Airlines. The agreement has a tenure of 6 years and becomes effective from Feb 2017 theme to any regulatory requirements. The leases have been concluded during rival rates.

Under a codeshare agreement, a German airline will place a ‘LH’ formula on Etihad Airways’ twice daily uninterrupted flights between a home bottom of Abu Dhabi and Frankfurt and a twice daily uninterrupted services between Abu Dhabi and Munich, a biggest city in southern Germany.

The UAE’s inhabitant airline will, in turn, put a ‘EY’ formula on Lufthansa’s long-haul, uninterrupted intercontinental services between a home bottom of Frankfurt, a business and blurb collateral of Germany, and Rio de Janeiro, Brazil as good as Bogota, Colombia.

James Hogan, President and Chief Executive Officer, Etihad Aviation Group, said:

“We have prolonged seen Germany as a pivotal vital marketplace for Etihad Aviation Group and this new attribute with Lufthansa outlines a subsequent step in a joining to a heading European aviation group.

Lufthansa is rarely reputable globally and I’m really gratified that we will work together in a destiny for a advantage of a customers.

“Additionally, we are, in a purpose as a minority shareholder in airberlin, entirely understanding of a apart agreement reached currently with a Lufthansa Group to soppy franchise 38 airberlin aircraft.

“It is really transparent to us during Etihad Airways that Lufthansa is a like-minded, brazen meditative organization with that we can do strong, suggestive and jointly profitable business.”

Carsten Spohr, Chairman of a Board and CEO, Lufthansa Group, said:

“We are looking brazen to partnering with a Etihad Aviation Group. The wet-lease agreement with airberlin fosters a expansion of a Eurowings Group. The codeshare agreement of Lufthansa and Etihad will offer a business some-more advantages and element both airlines’ networks. We will cruise fluctuating a team-work in other areas.”

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Posted by on Dec 19 2016. Filed under Middle East. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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