Etihad Airways

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Etihad Airways
Etihad Airways logo.svg
IATA
EY
ICAO
ETD
Callsign
ETIHAD
Founded 2003
Hubs Abu Dhabi International Airport
Frequent-flyer program Etihad Guest
Airport lounge Etihad Premium Lounge
Fleet size 104
Destinations 96
Company slogan From Abu Dhabi to the World
Headquarters Khalifa City, Abu Dhabi, United Arab Emirates[1]
Key people
Revenue Increase US$ 6.1 billion (2013)[2]
Website etihad.com

Etihad Airways is the flag carrier airline of the United Arab Emirates. Established by royal decree in July 2003 and based in Abu Dhabi, Etihad commenced operations in November 2003.[3] The name derives from the Arabic word for "union" (الإتّحاد al-ittiḥād).[4]

The airline operates more than 1,000 flights per week to 96 passenger and cargo destinations in the Middle East, Africa, Europe, Asia, Australia and the Americas, with a fleet of 85 Airbus and Boeing aircraft.[5] In 2012, Etihad carried 10.3 million passengers, a 23% increase from the previous year,[6] delivering revenues of US$ 4.8 billion and net profits of US$ 42 million.[7] Etihad Airways is the fourth largest airline in the Middle East and it is the second largest airline in the United Arab Emirates, after the Dubai-based airline Emirates.

In addition to its core activity of passenger transportation, Etihad also operates Etihad Holidays and Etihad Cargo.[3] The airline is based at Abu Dhabi International Airport[8] and its head office is in Khalifa City A, Abu Dhabi.

Etihad reported its first full-year net profit in 2011, of US$14 million, in line with the strategic plan announced by CEO James Hogan in 2006.[9]

In December 2011, Etihad announced it had taken a 29.21% stake in Air Berlin,[10] Europe's sixth largest airline, and James Hogan was appointed Vice Chairman. It followed this up with minority stakes in other airlines—Air Seychelles (40%),[11] Aer Lingus (2.987%),[12] Virgin Australia (10%).[13] Also, Etihad is close to acquiring 24% stake in Indian carrier Jet Airways.[14] On August 1, 2013, the President of the company, James Hogan, signed a deal with Aleksandar Vučić, First Deputy Prime Minister of Serbia, in Belgrade, giving Etihad a 49% stake in the Serbian national carrier Jat Airways/Air Serbia.[15] The Serbian Government retained 51% of the shares. Among numerous terms of the deal, a complete re-branding of Jat Airways was planned, including a name change. The new company is named Air Serbia.[16] At the 2013 Dubai Airshow, Etihad announced that it was acquiring a 33.3% stake in the Swiss carrier Darwin Airline. Darwin was rebranded as Etihad Regional from March 2014. In June 2014, after long negotiations and subject to approval Etihad agreed to take a 49% stake in the troubled Italian flag carrier Alitalia for an undisclosed sum.[17]

History[edit]

Etihad Airways was established as the flag carrier of the United Arab Emirates in July 2003 by Royal (Amiri) Decree issued by Sheikh Khalifa bin Zayed Al Nahyan. It started with an initial paid-up capital of AED500 million. Services were launched with a ceremonial flight to Al Ain on 5 November 2003. On 12 November 2003, Etihad commenced commercial operations with the launch of services to Beirut, and has gone on to become the fastest growing airline in the history of commercial aviation.[citation needed] Prior to the establishment of Etihad, Gulf Air was the airline which was based at Abu Dhabi Airport and was also co-owned by Bahrain.

In June 2004, the airline made an US$8-billion aircraft order for five Boeing 777-300ERs and 24 Airbus aircraft, including four A380-800s. Their first A380 is scheduled to be delivered in December 2014.[18]

The airline announced what was the largest aircraft order in commercial aviation history at the Farnborough Airshow in 2008, for up to 205 aircraft—100 firm orders, 55 options and 50 purchase rights.

As of February 2013, the airline operates passenger and cargo services to 86 destinations around the world from its home base in Abu Dhabi.

In 2012, Etihad carried 10.3 million passengers, a 23% increase on the previous year.[6]

Corporate affairs[edit]

Head office[edit]

Head office

Etihad has its head office, in Khalifa City A, Abu Dhabi,[19] near Abu Dhabi International Airport.[20] Etihad spent 183.6 million UAE dirhams ($50 million USD) in 2007 to arrange to have its new head office and training center built. The new head office was scheduled to be finished by the end of 2007.[21]

Structure[edit]

Etihad is governed by a board of directors chaired by HH Sheikh Hamed bin Zayed Al Nahyan, HH Sheikh Khaled bin Zayed Al Nahyan being the vice chairman and operates in terms of its founding legislation and the Article of Association of the Company. The Board consists of seven independent non-executive members and has two sub-committees, being an Executive Committee and an Audit Committee, each with its own charter and chairman.

Other members of the board include: Mohammed Mubarak Fadel Al Mazrouei, Ahmed Ali Al Sayegh, Mubarak Hamad Al Muhairi, Hamad Abdullah Al Shamsi, Khalifa Sultan Al Suwaidi and George Cheaib.[22]

The airline is led by James Hogan (formerly CEO of Gulf Air) who was appointed as President and Chief Executive Officer on 10 September 2006.

Etihad Equity Alliance[edit]

One of the pillars of Etihad's operation is its equity alliance, which is composed of:

Business trends[edit]

Airbus A330-243 of Etihad Airways at Munich Airport

The key trends for Etihad Airways since it started trading in November 2003 are shown below (as at years ending 31 December):

2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013
Turnover (AEDb) 5.6 9.1 8.4 10.9 15.0
Turnover (US$b) 4.1 4.8 6.1
Profits* (EBIT) (US$m) n/a n/a n/a n/a 137 170
Number of employees 1,761 2,116 3,468 5,563 7,058 7,828 7,855 9,038 10,656
Number of passengers (m) <0.1 0.3 1.0 2.8 4.6 6.0 6.3 7.1 8.3 10.2 12.0
Passenger load factor (%) 70 75 74 74 75.8 78.2
Cargo carried (000s tonnes) 115 202 263 310 368
Number of aircraft (at year end) 6 12 22 37 42 52 57 64 70 92
Notes/sources [23] [23] [24][25] [25] [26] [2]

Profits* - earlier profit/loss figures do not appear to have ever been published; the company announced, however, that it became profitable as from 2011.[27]

Corporate sponsorship[edit]

Etihad Stadium Logo for both in Manchester and Melbourne.
Etihad is the sponsor of Manchester City F.C. and has an A330-200 adorned in Manchester City livery.
Current
Former
  • Etihad is a sponsor of UAE sports clubs, including the Abu Dhabi Rugby Union Football Club, the Abu Dhabi International Sailing School and the Abu Dhabi International Marine Sports Club (ADIMSC), as well as the Al-Jazira Club.

Awards and recognitions[edit]

Etihad Airways has received over 30 awards since its inauguration in 2003. It has won the World Travel Awards (WTA) designation for having the best Business Class in the world in 2009. In November 2009 Etihad Airways won the "World's Leading Airline" award at the World Travel Awards in London. In November 2013, Etihad Airways won the "World's Leading Airline - First Class 2013" World Travel Awards

In 2010, Etihad Airways won the "World"s Best First Class' award by Skytrax at Hamburg. Etihad also received awards for "Best First Class catering" and "Best First Class Seat" as well. Etihad was awarded the World's Leading Airline in 2009,[34] 2010,[35] 2011[36] and 2012[37] by the World Travel Awards.

In 2013, Etihad Airways received all three awards in the First Class Category at the 2013 Skytrax World Airline Awards – "Best First Class", "Best First Class Seats" and "Best First Class Catering".[38]

On 9 June 2014 Etihad announced that was withdrawing from Skytrax.[39]

Cargo[edit]

Etihad Cargo operates three Boeing B777F, two Boeing 747-400F (one operated by Martinair Cargo and one operated by Atlas Air), one Boeing 747-8F (operated by Atlas Air in Etihad Colors) and three Airbus A330-200F. Etihad Cargo has one additional Airbus A330-200F freighter scheduled for delivery in 2014.

Etihad Cargo delivered 368,000 tonnes of cargo in 2012, a tonnage growth of 19 per cent on the back of a capacity increase of 14 per cent in available tonnage kilometres. Etihad’s new facility at Abu Dhabi International Airport will be equipped to handle more than 500,000 tonnes annually.[40]

The carrier refreshed its brand image in June 2012 dropping the "Crystal" part, with full Etihad Cargo title now applied billboard style.

Destinations[edit]

Destinations of Etihad Airways (April 2014) [41]

As of September 2013, Etihad serves 96 passenger and cargo destinations across Africa, Europe, North America, South America, Asia and Australasia from its hub at Abu Dhabi International Airport.[5] Etihad Airways, along with British Airways, Delta Air Lines, Emirates, Korean Air, Qantas, Qatar Airways, Singapore Airlines, South African Airways and United Airlines, is one of the few carriers to have services to all six inhabited continents.[42][43]

Codeshare agreements[edit]

Etihad Airways has codeshare agreements with the following airlines (as of March 2014):[5]

Additionally, Etihad Airways has a codeshare partnership with French Railways SNCF.[63]

Fleet[edit]

Etihad Airways Airbus A330-200 (A6-EYB) landing at London Heathrow Airport
Etihad Airways Airbus A340-600 (A6-EHJ) in special Formula 1 livery seen at Frankfurt Airport in February 2009.

The Etihad Airways fleet consists of the following aircraft (as of July 2014):[64][65][66][67]

Etihad Airways Fleet
Aircraft In Service Orders Option Passengers Notes
F C Y Total
Airbus A319-100 2 16 90 106 Leased to Air Serbia
Airbus A320-200 23 3 18 16 120 136
162 162
Airbus A320neo 10[68] TBA
Airbus A321-200 3 7[69] 16 158 174
Airbus A321neo 26[68] TBA
Airbus A330-200 25 22 240 262 Two operated for Air Seychelles
Two leased from Jet Airways
Airbus A330-300 6 8 32 191 231
Airbus A340-500 4 12 28 200 240 Phased out by 2015. Replacement Aircraft : Airbus A350-900
Airbus A340-600 7 12 32 248 292 Phased out by 2016. Replacement Aircraft : Airbus A350-1000
Airbus A350-900 40[68] TBA Deliveries start 2015. Replacing Airbus A340-500
Airbus A350-1000 22 15 TBA Deliveries begin 2017. Replacing Airbus A340-600 [70][71]
Airbus A380-800 10 5 11 1 70 417 498 Deliveries begin December 2014[18]
4 in 2015, 3 in 2016, 2 in 2017.First aircraft to wear a special livery.
Boeing 777-200LR 5 0 8 40 189 237
Boeing 777-300ER 20 12 28 384 412
8 40 280 328 Two leased from Jet Airways
40 340 380
Boeing 777-8X 8[72] TBA
Boeing 777-9X 17[72] TBA
Boeing 787-9 41 25 8 28 199 235 Deliveries begin 1 December 2014[73]
Boeing 787-10 30[72] 12 TBA
Etihad Cargo Fleet
Airbus A330-200F 4 1[68] 64,000 kg Launch customer
Boeing 747-400ERF 1 113,000 kg Operated by Martinair Cargo[74]
Boeing 747-400F 1 113,000 kg Operated by Atlas Air
Boeing 747-8F 1 134,000 kg Operated by Atlas Air
Boeing 777F 3 1[72] 2 102,870 kg
Total 105 216 86
Notes
  • ^1 First class includes one First Residence suite that can seat up to two passengers, and nine First Apartment suites (each can seat only one passenger).

Services[edit]

Cabin[edit]

Old Etihad Coral Economy Class
Old Etihad Pearl Business Class

Etihad has 3 cabins, Diamond First Class, Pearl Business Class and Coral Economy Class. When Etihad's A380's and B787's arrive new cabins will be introduced, their names being, The Residence, The Apartments, First class suite (not A380), Business Studio and Economy Smart seat. All the fleet will be retrofitted into these cabins except The residence and The apartments which are only on the A380's.

In-flight entertainment[edit]

Etihad uses both the Panasonic eX2 and the Thales TopSeries i5000[citation needed] in-flight entertainment system with AVOD (audio-video on demand) system on its new long-range aircraft and on some of its new A320-200 aircraft. Etihad brand this system as the "E-box". International destination fleets have a Plug-And-Play system which works on USB technology, that allow passengers to play their own audio, video and picture media. The Airbus A330s, Airbus A340s and Boeing 777-300ER all have in-flight telephone facility.

Etihad has signed a new 10-year agreement with Panasonic Avionics Corporation for the provision of in-flight entertainment which will include broadband internet and live TV.[75]

Loyalty programme[edit]

Etihad Guest is the airline's frequent flyer program, launched on 30 August 2006. It offers a discount web shop for loyalty program members.

Etihad is not part of any airline alliance, but has a partnership agreement with:

Etihad has released information on a new partnership deal with Virgin Australia. All Virgin services will be available to Etihad customers, opening up 44 destinations in Australia, New Zealand and the Pacific Islands, and to Asia and Los Angeles. The airlines will share their frequent flyer benefits.

See also[edit]

References[edit]

  1. ^ "Our offices". 
  2. ^ a b "Etihad Airways Annual Report 2012". etihad.com. February 2013. Retrieved 2013-10-08. 
  3. ^ a b "Etihad Airways in Brief" (PDF). Etihad Airways. Retrieved 25 June 2012. 
  4. ^ "Our story". Etihad Airways. Retrieved 17 January 2013. 
  5. ^ a b c "Etihad Airways Fast Facts and Figures - Q3 2013". Etihad Airways. Retrieved 29 October 2013. 
  6. ^ a b "Etihad 2012 net profit up 200% year on year". 4 February 2013. 
  7. ^ "Etihad Airways profit for 2012 jumps 200 per cent". 4 February 2013. 
  8. ^ "Directory: World Airlines". Flight International. 3 April 2007. p. 78. 
  9. ^ "Etihad Airways lands first profit". 10 February 2012. 
  10. ^ "Etihad takes 29% stake in Air Berlin". 19 December 2011. 
  11. ^ "Etihad Airways stake in Air Seychelles gives "realistic way forward" to the island carrier's future". 30 January 2012. 
  12. ^ "Etihad Takes Aer Lingus Stake, Seeks Pact to Feed Abu Dhabi". Bloomberg. 1 May 2012. 
  13. ^ "Etihad raises Virgin stake to 10pc". 3 September 2012. 
  14. ^ "Jet Airways to Sell 24% Equity to Etihad Airways". 24 April 2013. 
  15. ^ "Jat takeover expected next Monday". 15 July 2013. 
  16. ^ . B92. 1.08.2013 title=Biz - Vesti - Er Srbija - raskid sa prošlošću http://www.b92.net/biz/vesti/srbija.php?yyyy=2013&mm=08&dd=01&nav_id=738238 title=Biz - Vesti - Er Srbija - raskid sa prošlošću. Retrieved 2013-09-06.  Missing or empty |title= (help)
  17. ^ "Alitalia strikes deal on Etihad picking up 49pc stake". Abu Dhabi News.Net. Retrieved 26 June 2014. 
  18. ^ a b Sneak Peek Of Etihad Airways Special A380 Livery Date accessed: 16 May 2014
  19. ^ "Our offices." Etihad Airways. Retrieved on 11 February 2010. "Office Address: P.O.Box 35566, Head Office, Khalifa City A, Abu Dhabi, United Arab Emirates "
  20. ^ "Etihad Airways plans to enter hospitality sector." Tehran Times. Monday 17 August 2009. Retrieved on 11 February 2010.
  21. ^ Airline to Shift to New Headquarters by 2008." Gulf News at Zawya. 17 April 2007. Retrieved on 11 February 2010.
  22. ^ http://www.etihadairways.com/sites/Etihad/Etihad%20Images/Resources/Business-review-2010-en.pdf
  23. ^ a b "Etihad Airways reports traffic results for 2008". AllBusiness. Retrieved 16 December 2011. 
  24. ^ "Corporate Facts and Figures September 2009". Etihad Airways. Retrieved 16 December 2011. 
  25. ^ a b "Business Review 2010". Etihad Airways. Retrieved 15 December 2011. 
  26. ^ "Business Review 2011". Etihad Airways. Retrieved 4 December 2012. 
  27. ^ "Etihad Airways' focus on break-even for 2011, profit in 2012". CAPA Centre for Aviation. 21 January 2011. Retrieved 23 November 2011. 
  28. ^ Etihad's rugby debut with Harlequins
  29. ^ Etihad sponsor's AUH Grand Prix
  30. ^ Taylor, Daniel (24 May 2009). "Etihad Airways to sponsor Manchester City". London: Manchester City F.C. Retrieved 25 May 2009. 
  31. ^ "Gaelic Athletic Association". 12 April 2012. Retrieved 2 May 2012. 
  32. ^ "Etihad Airways to sponsor Anorthosis Famagusta". Anorthosis Famagusta official website. 11 November 2013. Retrieved 11 November 2013. 
  33. ^ "Etihad Airways announced as official airline partner of Major League Soccer". 25 March 2014. Retrieved 25 March 2014. 
  34. ^ "World's Leading Airline 2009". World Travel Awards. Retrieved 12 July 2011. 
  35. ^ "World's Leading Airline 2010". World Travel Awards. Retrieved 112 July 2011. 
  36. ^ "World's Leading Airline 2011". World Travel Awards. Retrieved 11 July 2012. 
  37. ^ "Etihad Airways named World’s Leading Airline for fourth consecutive year". Retrieved 14 December 2012. 
  38. ^ June 19, 2013 (2013-06-19). "Etihad Airways Airways again tops Skytrax First Class Awards". Dubaichronicle.com. Retrieved 2013-09-06. 
  39. ^ "Etihad Airways leaves Skytrax". BT. Retrieved 15 June 2014. 
  40. ^ Etihad Airways reports 10.3 million passengers and 365,000 tonnes of cargo in 2012
  41. ^ route map of Etihad Airways
  42. ^ Etihad launches flights to Brazil
  43. ^ Etihad Airways City Destinations
  44. ^ http://en.aegeanair.com/all-about-us/press-office/press-releases/press-release/?prid=470
  45. ^ "Aer Lingus and Etihad Airways agree partnership". The Irish Times. 2012-07-30. Retrieved 2013-02-23. 
  46. ^ "Etihad Airways and Air Canada to Introduce Codeshare Services - Yahoo! Finance". Finance.yahoo.com. 2013-04-25. Retrieved 2013-09-06. 
  47. ^ http://www.etihad.com/en-gb/about-us/news/archive/2014/new-madrid-abu-dhabi-service.  Missing or empty |title= (help)
  48. ^ "Air France-KLM, Etihad Agree Code-Sharing Deal". Wall Street Journal (Dow Jones & Co., Inc.). Retrieved 8 October 2012. 
  49. ^ "Etihad, Air Seychelles in codeshare flights now on sale". KHaleej Times. 28 January 2012. Retrieved 2012-04-07. 
  50. ^ [1]
  51. ^ [2]
  52. ^ Национальная авиакомпания «Белавиа» и авиакомпания Etihad Airways подписали код-шеринговое соглашение
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  54. ^ [3]
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  57. ^ "Etihad Code-Share With JetBlue Opens Up Flights Beyond New York". Bloomberg. 
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  59. ^ Wall Street Journal. "Air France-KLM, Etihad Agree Code-Sharing Deal". Dow Jones & Co. Retrieved 8 October 2012. 
  60. ^ "Etihad Airways And Korean Air Sign Code share Agreement". Khaleejtimes.com. 2013-07-16. Retrieved 2013-09-06. 
  61. ^ [4][dead link]
  62. ^ "Etihad inks codeshare deal with South African Airways". ArabianBusiness.com. 2013-05-07. Retrieved 2013-09-06. 
  63. ^ "Etihad signs codesharing deal with French railway". Zawya.com. 6 July 2011. Retrieved 2012-04-07. 
  64. ^ "Our Fleet". Etihadairways.com. Retrieved 2012-04-07. 
  65. ^ "Etihad Airways Fleet". ch-aviation.ch. Retrieved 2013-10-30. 
  66. ^ "Etihad Cargo – About Us". Etihad Airways. Retrieved 2013-09-15. 
  67. ^ "Fast Facts & Figures - December 2012". Etihad Airways. Retrieved 2013-09-15. 
  68. ^ a b c d Airbus (17 November 2013). "Etihad Airways orders 50 A350 XWB, 36 A320neo and one A330-200F". Airbus. Retrieved 17 November 2013. 
  69. ^ "Etihad Airways Orders 2 additional Airbus A330 jets". Gulf News. 30 October 2012. Retrieved 30 October 2012. 
  70. ^ Alex Delmar-Morgan (17 January 2012). "Etihad Airways Reduces Orders For Airbus A350-1000". Flightglobal. Retrieved 28 January 2012. 
  71. ^ Tim Hepher (7 May 2012). "Etihad drops more A350s in setback to Airbus". Reuters. Retrieved 7 May 2012. 
  72. ^ a b c d Saffana Michael (17 November 2013). "Boeing, Etihad Airways Kick Off Dubai Airshow with 777X, 787-10 Orders". Boeing. Retrieved 17 November 2013. 
  73. ^ Cathy Buyck (13 December 2011). "Etihad increases 787 orders to 41". Air Transport World. Retrieved 28 January 2012. 
  74. ^ EY lease KLM 747 freighter
  75. ^ "Etihad set to launch live TV on long haul flights". ArabianBusiness.com. 19 November 2011. Retrieved 2012-04-07. 
  76. ^ "Why Gulf airline Etihad is investing in the Balkans". BBC News. 15 November 2013. Retrieved 2014-01-24. 
  77. ^ "Etihad signs codeshare deal with Garuda Indonesia". GulfNews.com. 18 October 2012. Retrieved 2012-11-10. 

External links[edit]