News
Etihad takes largest stake in Air Berlin
Etihad Airways has signed a new deal with Air Berlin to launch flights from Berlin to Abu Dhabi from January.
The agreement sees the Abu Dhabi-based carrier become the largest shareholder in Airberlin with a 29 per cent stake.
Etihad is also providing financing of up to $255 million over five years to help grow the German airline’s fleet and network development.
As part of the Etihad deal, Airberlin will begin operating four weekly Airbus A330 flights between Berlin and Abu Dhabi from January 12. Airberlin will also move its Middle East operation from Dubai to Abu Dhabi.
The two airlines will implement a codeshare agreement with Etihad codesharing on 36 of 171 Airberlin flights and the German carrier codesharing on 24 of 82 of Etihad’s destinations.
The agreement was announced in Berlin by Etihad CEO James Hogan and Airberlin CEO Hartmut Mehdorn.
Hogan said: “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.”
The companies said in a joint statement that the deal would mean that the two airlines would fly to a total of 239 destinations across 77 countries.
This news story was written by DialExpotel for Expotel, the UK’s leading hotel, travel and venue booking agency. To find out more about booking an Etihad flight, call Expotel on 0844 793 7300
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Published: 20-12-2011 13:08:00
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