Etihad: not looking to take a stake in Lufthansa – official statement

Etihad has denied press speculation that it is looking to take a stake of between 30%-40% in German carrier Lufthansa.
An Etihad Airways spokesman told Air Cargo News: "We can confirm that we are not looking to take a financial stake in Lufthansa.”
This official quashing of rumours, which started in the Italian press, comes as Etihad Aviation Group’s president and chief executive, James Hogan, hit out at critics of the Middle East carrier’s partnership strategy, an investment portfolion which he described as a “core element of the growth of the business”.
Hogan, delivering a keynote speech at the Global Airfinance Conference in Dublin, said that the strategy had resulted in "5.5m guests" connecting onto the Etihad Airways network from codeshares and partners in 2016, delivering “revenue and synergy benefits”.
Etihad’s strategy of taking minority investments in airberlin, Alitalia, Jet Airways, Virgin Australia, Air Serbia, Air Seychelles and Etihad Regional came under the microscope in December 2016.
Numerous press reports last month suggested that Etihad was reviewing its investment strategy in European airlines as part of a wider restructuring involving a range of job cuts and that chief executive James Hogan could step down.
In a robust Dublin speech, Hogan is facing down his critics.

Share this story

Related Topics

Latest airlines news

Worsening box line disruption to have limited air cargo impact

Disruption to container shipping operations out of Asia has unexpectedly worsened over recent weeks but the development is expected to…

Read More

Share this story

United Cargo joins third-party booking portals with WebCargo partnership

United Cargo is placing its airfreight capacity on a third-party online booking platform for the first time through a partnership…

Read More

Share this story

Record volumes for Saudia Cargo in Q1

Saudia Cargo had a record first quarter in terms of cargo volumes as shipments of fashion, e-commerce and express goods…

Read More

Share this story

Air Cargo News

Air Cargo News
Established in 1983, Air Cargo News is the leading source of news, information, interviews, analyses and reports to the global airfreight industry. Our leading portfolio includes print, digital and events that give businesses in the airfreight industry the ability to connect with decision-makers in this sector.