Tag Archives: 729

Alitalia and Etihad Airways receive European Commission approval for Etihad to save the Italian airline

Alitalia (2nd) (Rome) and Etihad Airways (Abu Dhabi) has received permission from the European Commission to permit Etihad to acquire a 49 percent share in the Italian carrier for €387.5 million and also implement their strategic partnership. Finally Alitalia has found its savior.

Alitalia and Etihad Airways jointly issued issued this statement:

Alitalia and Etihad Airways are pleased to confirm that they have received merger clearance from the European Commission under EU Regulation No. 139/2004. They can therefore proceed with the proposed strategic partnership announced in August.

Following the completion of its review, the European Commission on Friday (November 14) confirmed that the partnership complies with the European regulations on competition. In line with previous cases, the airlines undertook commitments aimed at facilitating the entry of new airlines on the Rome to Belgrade route.

The parties continue to work together with a view to completing the transaction before the end of the year.

President and Chief Executive Officer of Etihad Airways, James Hogan, said: “We are delighted to be able to move forward with this process and look forward to a positive outcome and the final conclusion of a our transaction with Alitalia.

“An equity investment in Alitalia will be beneficial not only for the both airlines, but, more importantly, it will give more choice and broader travel opportunities to business and leisure travellers into and out of Italy.”

Gabriele del Torchio, Chief Executive Officer of Alitalia, said: “This is an excellent outcome for Alitalia. This investment will provide financial stability and a foundation for impressive long-term growth for the Company and for the travel and tourism industry in Italy, in which Alitalia is a fundamental player.

Top Copyright Photo: Alitalia’s Airbus A321-112 EI-IXI (msn 494) pushes back from the gate at London’s Heathrow Airport displaying the 1960 retrojet colors.

Alitalia aircraft slide show: AG Slide Show

Etihad Airways aircraft slide show: AG Slide Show

Bottom Copyright Photo: Greenwing/AirlinersGallery.com. Both Alitalia and Etihad have painted an Airbus A330 with these promotional Expo Milano 2015 markings.

 

Etihad Airways expands its relationship with Jet Airways with new Indian frequencies

Etihad Airways (Abu Dhabi) has announced that Mumbai and Delhi will become its first destinations in India to be served with triple-daily flights, strengthening its partnership with Jet Airways into and out of India.

Both cities will be upgraded from their current double-daily frequencies, with the third daily flight to Mumbai starting on February 15, 2015 and to Delhi on May 1, 2015.

Along with Jet Airways’ services, both airlines will connect Abu Dhabi to 14 Indian cities, with over 200 return flights each week. This includes five flights a day to Mumbai, four flights a day to New Delhi, three flights a day to Bangalore, Chennai, Hyderabad and Kochi, two flights a day to Ahmedabad and Kozhikode, and daily flights to Jaipur and Trivandrum.

Etihad Airways will also launch a daily service to Kolkata, capital of West Bengal, on February 15, 2015 to support its long-term development plan in India, and Jet Airways has announced it will soon launch daily services between Abu Dhabi and Goa, Lucknow and Pune.

In addition to the airline’s network developments, Etihad Airways has upgraded its aircraft on a number of Indian routes, including the debut of three-class, wide-body aircraft on select flights. The airline will also operate its new Boeing 787-9 on Mumbai evening services in January 2015.

Copyright Photo: Greenwing/AirlinersGallery.com. The pictured Airbus A330-243 A6-EYH (msn 729) is Etihad Airways’ part of the joint Etihad-Alitalia color scheme to promote the upcoming Expo Milano 2015.

Etihad Airways aircraft slide show: AG Slide Show

Video: The Expo Milano 2015 Airbus A330-200 logojet: