Dubai : Etihad Airways’ growth strategy to expand the world network by purchasing equity stakes in international airlines gained a improve on Monday.
The actual Abu Dhabi-based carrier mentioned within a statement that will the equity and codeshare companions delivered 1. 8 million passengers onto Etihad flights in 2013, 38 for each cent over typically the 1. 3 million typically the preceding year.
Last year, Etihad took a 24 for each cent equity stake in Indian carrier Jet Airways and 49 for each cent in Air Serbia, formally Jat Airways. It signalled the intent to bring a 33. 3 for each cent stake in European carrier Darwin Regional that will will certainly be rebranded Etihad Regional subsequent regulatory approval.
“If you use the Darwin Airline investment in isolation that may seem to become an experiment in competing along with the Middle East rivals by providing intended connections through Etihad routes to and from smaller cities in Europe exactly where the others don't fly, ” David Bentley, Principal in UK-based Huge Pond Aviation, told Gulf Information inside an e-mailed statement.
The actual longevity of such investments is unclear, but, Etihad, who Bentley stated is potentially the foremost innovative airline inside the world these days in equity partnerships, is traveling the personal growth.
In 2013, typically the airline carried nearly 12 million passengers on the fleet, nearly 16 for each cent higher than typically the 10. 3 million in 2012. And along with it carried 73 for each cent on the 16. 4 million passengers that will arrived, transferred and departed through Abu Dhabi International Airport. Add typically the equity companions which rises to 79 for each cent.
Bentley stated Etihad’s natural and organic growth, that's impressive in the personal appropriate, can stay typically the major issue inside the immediate upcoming within the equity partnerships.
And by growing the personal network, typically the airline additionally extra six new destinations to the network last year, along with new expert products and services launched to Washington DC, Amsterdam, Sao Paulo, Belgrade, Sana’a and Ho Chi Minh Town.
Commenting upon the airline’s growth, James Hogan, Etihad Airways President and Chief Government Officer, within a statement referred to as 2013 as “another game-changing year”. “I am enthusiastic about what the longer term holds and appear forward to operating for any our companions to maximise typically the return for our particular shareholder, allow typically the continued growth and also the evolution of Abu Dhabi as being an aviation hub, ” he stated.
Cargo growth
Etihad Cargo, typically the airline’s cargo arm, additionally grew in 2013. A 32 for each cent year-on-year improve in cargo volumes saw 486, 753 tonnes of freight and mail flown via the airline last year.
And of total cargo imports, exports and transfers in Abu Dhabi International in 2013, Etihad accounted for 89 for each cent.
Etihad stated that will China, Hong Kong and India were the high cargo markets whilst expanding markets inside the United States and also the Netherlands additionally contributed.
“Bellyhold freight capability plays a key role if you receive dedicated hub complexes got wind of for passengers as each tiny consignment or parcel is bonus extra income for fairly very little handling price tag, ” Bentley stated.
That will airline stated that will the volumes were boosted by enhancements to the freighter fleet capability and larger cargo inside the bellyhold of passenger aircraft.
It extra 2 Boeing 777 freighters, a leased 747-8 freighter and an Airbus A330 freighter to the fleet in 2013. The passenger fleet expanded along with four A320s, one A321, 2 A330-200s and six 777-300ERs.
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