News

Etihad Airways Now Airberlin’s Largest Shareholder

Etihad Airways Now Airberlin’s Largest Shareholder

Etihad Airways is taking a 29.21% stake in the Airberlin group, Europe’s sixth largest airline, becoming Airberlin’s largest single shareholder. The strategic partnership offers a combined global network of 239 destinations across 77 countries.

Airberlin will move its Middle East operation from Dubai to Abu Dhabi and will operate four A330-200 flights a week between Berlin and Abu Dhabi from 15th January 2012.

Etihad Airways will codeshare on 36 of Airberlin’s 171 destinations and Airberlin will codeshare on 24 of Etihad Airways’ 82 passenger destinations. Etihad will also sign codeshare agreements with the Airberlin group for all European activities including the Austrian airline Niki and the Swiss airline Belair.

Announcing the deal in Berlin, Airberlin’s Hartmut Mehdorn also announced the launch of Airberlin services to Abu Dhabi, “which will become our new gateway to Asia and Australia. The agreement will also dramatically improve the global connectivity of our customers in Germany, Switzerland, Austria, and throughout the GCC and Middle East.”

Etihad Chief Executive James Hogan described the deal as one of the most important in Etihad Airways’ history. “This new partnership expands our network reach, gives us access to 33 million new passengers, and provides us with a real opportunity for global growth. Through Airberlin we gain immediate access to a broad and complementary European market, with outstanding connectivity options for customers of both airlines.

“Our partnership strategy has been integral to our success over the past eight years, and the returns we have seen from this strategy have confirmed its value. We are always looking for ways to grow and partnerships are a smart way to enhance our ability to compete on the world stage.”

Combined, Etihad Airways and the Airberlin group carry more than 
40 million passengers a year, operate 233 aircraft, employ 18,000 people, and generate more than US$9 billion in revenues.

Click to add a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

NEIL STEEDMAN has been a trade journalist, copywriter, editor and proofreader for 50 years, and News & Features Editor for ‘Irish Travel Trade News’ for the past 40 years.

More in News

Qatar Airways First MENA Airline with Gate-to-Gate Internet Onboard

Neil SteedmanApril 24, 2018

Aer Lingus Regional Cork-Cornwall Route Returns with Extended Summer Service

Neil SteedmanApril 24, 2018
travel deals

Great Value Travel Deals – 24th April 2018

Sarah SlatteryApril 24, 2018

Turkish Airlines Hosts the Trade at Aviva Stadium

Neil SteedmanApril 23, 2018

Shannon Aiport Supports Farmers with Silage

Michael FloodApril 23, 2018

Aer Lingus Adds Flights to Bilbao

Michael FloodApril 23, 2018

Centre Travel Wins Flexible Autos Easter Hamper

Neil SteedmanApril 21, 2018

Emirates Coming to Ireland to Hire Cabin Crew

Neil SteedmanApril 19, 2018

Air Canada Elevates Premium Travel with New Signature Service

Neil SteedmanApril 19, 2018

Copyright © 2016 Belgrave Group Limited, C4 Nutgrove Office Park, Nutgrove Avenue, Rathfarnham, Dublin 14, Ireland