India’s loss-making Jet Airways and its new 24-percent owner Etihad Airways are formulating plans for restructuring debt and fleet rationalization for enhancing a full-service branding. Jet, reporting $689 million in declared losses last year, expects to show profits by 2017, founder and chairman Naresh Goyal said at a July 23 press conference in New Delhi.
Ahmed bin Saif Al Nahyan
Middle Eastern charter and scheduled service operator Rotana Jet plans to more than double its fleet by 2016. At the Air Expo show at Abu Dhabi’s Al Bateen Executive Airport, where Rotana Jet is based, the company said that over the next two years it will add at least seven aircraft to the five it currently operates. However, most of the expansion for now is focused on the scheduled part of its operation.
Middle Eastern charter and scheduled service operator Rotana Jet plans to more than double its fleet by 2016. Speaking today at the Air Expo show at Abu Dhabi’s Al Bateen Executive Airport, where Rotana Jet is based, the company said that over the next two years it will add at least seven more aircraft to the five it currently operates.
Abu Dhabi state-owned carrier Etihad Airways announced a code-share agreement with JetBlue Airways on January 22 that would extend its reach into the U.S. market if the Department of Transportation (DOT) approves. A week earlier, Etihad said that it will double its flights between Abu Dhabi and New York City by introducing a second daily service.
Serbian national carrier Air Serbia will overhaul its fleet with 10 Airbus A320neos in a transaction valued at $1 billion at list price. The new narrowbodies are among the firm orders Etihad Airways placed with Airbus for 87 aircraft during the Dubai Airshow. Etihad, the Abu Dhabi government-owned airline, will acquire 49 percent of Air Serbia as of January.
The Global Aerospace Summit, an Abu Dhabi-based aviation event that will take place for the second time in April, has announced speakers to take part on the first day of the summit.
Hosted by Mubadala Development and organised by Streamline Marketing Group, the event will see James Hogan, president and CEO of Etihad Airways, Marillyn Hewson, president and CEO of Lockheed Martin and Tony Douglas, CEO of Abu Dhabi Airports, as opening speakers on April 7, 2014. The conference runs for two days through April 8.
UAE national carrier Etihad Airways unveiled its first branded regional airline operation–Etihad Regional–at the Dubai Airshow yesterday. Etihad is launching the regional operation after acquiring a 33.3-percent stake in Swiss carrier Darwin Airline.
Etihad Airways will take a 49-percent stake in Serbian national airline JatAirways under the terms of a deal with the government of Serbia announced Thursday that includes the award of a five-year management contract to Etihad. The deal also calls for Abu Dhabi-based Etihad to match a $40 million capital injection in the airline by the Serbian government with a loan facility that would convert into equity on January 1 of next year.
UAE government-owned carrier Etihad Airways inaugurated its fourth destination in North America on April 1, starting daily flights between Abu Dhabi and Dulles International Airport near Washington, D.C. Etihad last opened a new route to North America more than three years ago by starting service to Chicago, adding to its previous launches in New York and Toronto. Emirates, the largest Middle East carrier, started service between Washington Dulles and Dubai last September.