Etihad CEO James Hogan says he supports the need for “absolute clarity” regarding its 33.3 per cent stake in Swiss carrier Darwin.
Switzerland’s Federal Office of Civil Aviation said that Darwin, rebranded as Etihad Regional, has until Sept. 30 to make changes to the agreement.
The 35-year-old woman was travelling to India from Nigeria via Abu Dhabi to seek treatment for advanced cancer.
Jesse Vargas discusses how he is fast-tracking the growth of the world’s only Ferrari –branded theme park.
Passenger traffic at Abu Dhabi International airport is expected to be higher still in the second half of this year, an official said.
The new equine service, called SkyStables, is being rolled-out across Etihad Cargo’s network of 44 freighter destinations.
The Abu Dhabi-owned oil explorer and power supplier said that the project does not match the company’s growth strategy.
TAQA reported a net profit of Dhs239 million ($65.1 million) for the second quarter compared with a loss of Dhs172 million a year earlier.
The company said that it expects to pay 2016 maturities from improved operational cash flow and asset sales.
The freighter business of Abu Dhabi carrier Etihad will operate twice weekly services to the Russian capital from August 13.
In addition to Etihad’s investment, which will pay for a 49 per cent stake in the Italian carrier, shareholders also agreed to a 300 million euro capital hike.
The deal foresees Etihad taking a 49 per cent stake in Alitalia and investing 1.2 billion euros ($1.6 billion) in the airline over the next three years.
Occupancy rates across the emirate’s hotel and hotel apartments reached an average of 77 per cent during the first six months of the year.
Ardian has made a bid on portfolios that Abu Dhabi Investment Authority (ADIA) is looking to sell, Bloomberg reported.
Revenue for the second quarter was Dhs2.19 billion, up 74 per cent year-on-year.
Etihad’s plans to take a 49 per cent stake in the Italian carrier has been held up by disagreements over Alitalia’s debt pile and plans for job cuts that have stoked outrage among Italian unions.
Wooing Hollywood and Bollywood producers with generous financial rebates, Abu Dhabi is steadily heading towards its aim of becoming a global film hub.
It did not disclose the value of the deal, nor the size of the stake being sold.
Both carriers have been in talks for months, but a final agreement has been held up by negotiations over job cuts and a debt restructuring at Alitalia requested by Etihad.
Under the new plan, Jet Airways will widen its service network and increase frequencies on its existing routes.
The bank made a net attributable profit of Dhs1.06 billion ($288.6 million) in the three months ending June 30, it said in a statement.
Residential sales prices in the emirate grew seven per cent in the second quarter of 2014, a new report says.
The new department store, spread across 200,000 sqft, will showcase over 200 global brands.
Waha, whose shareholders include Abu Dhabi government entities, made Dhs1.14 billion in the second quarter of the year.
In May, the lender got regulatory approval to purchase much of Barclays’ retail operations in the UAE.
New routes will better connect Etihad with Europe and Western Australia, the airline said in a statement.
Etihad’s chief executive said that the company wants to “guarantee the success and long-term viability of Alitalia” through the deal.
The transaction follows a letter of intent to acquire one CS300 aircraft and another option that was announced in February 2014.
San Francisco becomes Etihad’s sixth US destination.
Dubai jumped 23 spots to rank as the 67th most expensive city in the world for expatriates.