Clearance of Etihad Airways’s $380 million investment in Jet Airways by India’s Foreign Investment Promotion Board (FIPB) last week has paved the way for completion of the deal. The airlines now await approval from the Cabinet Committee on Economic Affairs (CCEA), which oversees foreign investment proposals of more than $200 million, and security clearances of foreign nationals.
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.
The U.S. Department of Homeland Security (DHS) is defending its plan to establish a customs pre-clearance facility at Abu Dhabi International Airport staffed by its Customs and Border Protection (CBP) agency but mostly funded by the host UAE government. Airline industry groups contend the facility will mainly benefit Etihad Airways, Abu Dhabi’s government-owned airline, and place U.S.
Energized by the explosive growth in the Middle East air transport market, Qatar Airways has turned its attention to Scandinavia as it extends Boeing 787 services to Stockholm on August 1, to be followed a month later to both Copenhagen and Oslo.
Aviation industry groups in the U.S. and Europe oppose a U.S. Department of Homeland Security (DHS) plan to establish a customs pre-clearance facility at Abu Dhabi International Airport that would spare passengers the inconvenience of waiting at a customs checkpoint upon arrival in the U.S. A bipartisan group of U.S. lawmakers also questions the plan and has requested more information from the DHS.
Even as AirAsia India prepares to apply for a No Objection Certificate to start domestic operations, Abu Dhabi-based Etihad Airways has invested $379 million in India’s Jet Airways. The outlay gives Etihad a 24-percent share in India’s second largest carrier.
A new Gulf Cooperation Council (GCC) aviation study predicts that the Persian Gulf region will see 250 million passengers using its airports each year by 2020 and that annual Middle East aircraft movements will reach 2.3 million five years later, when the number of people living within range of a single flight reaches some 7 billion. The study, titled “The World Via Gulf” and published for Dubai’s The Airport Show, scheduled to take place from May 6 to 8 in Dubai, concludes that the region’s aviation industry will create 294,000 jobs over the next two decades.
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.
In seeking to consummate its proposed strategic alliance with Delta Air Lines, Virgin Atlantic Airways aims to head off the challenge posed by the formidable pairing of British Airways and American Airlines. So who did Virgin chairman Sir Richard Branson recruit to succeed retiring CEO Steve Ridgway? Why, naturally, a senior American Airlines executive in the shape of senior vice president for customers Craig Kreeger, who assumes his new role from February 1.
With Middle Eastern Emirates, Etihad and Qatar airlines experiencing exponential growth in the Arabian Gulf, there is a growing requirement for qualified pilots. The Gulf Aviation Training Event (GATE) will bring a panel of industry experts together to discuss and debate the pilot shortage in the region.