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Etihad May Make Management Changes

Etihad May Make Management Changes

German business magazine Handelsblatt is speculating about management changes and the future of James Hogan at Gulf carrier Etihad Airways. The changes come after a spree of European acquisitions.

These included a 29% holding in Air Berlin followed by the purchase of 49% in Air Serbia in 2013, with a purchase of 49% of Alitalia three months later. These acquisitions have resulted in €2.5 billion in losses from its European investments, with losses of €477 million in Air Berlin in 2015.

Etihad is now reviewing all these investments, led by supervisory board chairman Ahmed Ali Al Sayegh.

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Michael Flood is the Editor of Ireland's leading travel industry publication, Irish Travel Trade News. With more than 35 years experience, he has accumulated an in-depth knowledge of the airline industry and the travel and tourism world.

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