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Etihad Aviation Group to forge new links with Europe’s largest airline group
Etihad Airways, the national carrier of the United Arab Emirates and Lufthansa German Airlines, part of Europe’s largest airline group, today announced the conclusion of a codeshare agreement. The arrangement is set to start in January 2017, subject to government approval.
The wet-lease agreement between Lufthansa Group and airberlin – in which Etihad Aviation Group indirectly holds a 29 per cent stake – was also announced today. Lufthansa’s point-to-point carrier Eurowings and Austrian Airlines, a Lufthansa Group airline, have signed an agreement to wet lease 38 aircraft from airberlin. 33 of these aircraft are to be operated for the Eurowings Group, an additional five aircraft are to be flown for Austrian Airlines. The agreement has a term of six years and becomes effective from February 2017 subject to any regulatory requirements. The leases have been agreed at competitive rates.
Under the codeshare agreement, the German airline will place its ‘LH’ code on Etihad Airways’ twice daily non-stop flights between its home base of Abu Dhabi and Frankfurt and its twice daily non-stop services between Abu Dhabi and Munich, the biggest city in southern Germany.
The UAE’s national airline will, in turn, put its ‘EY’ code on Lufthansa’s long-haul, non-stop intercontinental services between its home base of Frankfurt, the business and commercial capital of Germany, and Rio de Janeiro, Brazil as well as Bogota, Colombia.
James Hogan, President and Chief Executive Officer, Etihad Aviation Group, said:
“We have long seen Germany as a key strategic market for Etihad Aviation Group and this new relationship with Lufthansa marks the next step in our commitment to the leading European aviation group.
“Lufthansa is highly respected globally and I’m very pleased that we will work together in the future for the benefit of our customers.
“Additionally, we are, in our role as a minority shareholder in airberlin, fully supportive of the separate agreement reached today with the Lufthansa Group to wet lease 38 airberlin aircraft.
“It is very clear to us at Etihad Airways that Lufthansa is a like-minded, forward thinking organisation with which we can do strong, meaningful and mutually beneficial business.”
Carsten Spohr, Chairman of the Board and CEO, Lufthansa Group, said:
“We are looking forward to partnering with the Etihad Aviation Group. The wet-lease contract with airberlin fosters the growth of our Eurowings Group. The codeshare agreement of Lufthansa and Etihad will offer our customers more benefits and complement both airlines’ networks. We will consider extending our cooperation in other areas.”
6 comments
Hoping to have these airlines have a link on our country so that we can learn and get a hold of their technology and their first-class servicing.. just saying..
ReplyDeleteThis is another great partnership. 👌👌👆
ReplyDeleteNice. Thanks for this info madam 😊 God bless 😊
ReplyDeleteWhoaaa! SAna maexperience ko din yung makasakay dyan. Napakaganda ng services nila. <3
ReplyDeleteIve work in a Travel Industry before.. and it was a privelege to arrange a Tour For my bosses.
ReplyDeleteHoping to know more of Etihad Aviation Group for the coming years
Wow! This is great opportunity for us if matuloy.
ReplyDeleteComments? Questions? Suggestions?
Please I would love to read about it.
I will reply to you as soon as I can and visit your site too.
But please no spam comments. All comments are subject to review before approving.
Thank you very much! Maraming Salamat! Arigatou gozaimasu!