The airline benefited from a 30 per cent increase in partnership revenues, to $820 million, as its equity alliance stable rose to seven airlines.
Talks between the airlines intensified last month and sources close to the matter said Etihad might be interested in buying a stake of up to 40 per cent in the Italian carrier.
Etihad would have to be convinced that Alitalia could be moved to profitability, the Abu Dhabi airline’s CEO James Hogan told reporters.
The low-cost airline announced full-year 2013 net profit of Dhs222.8 million.
Low-cost carrier about to step into the aviation breach following RAK Airways’ closure
The Gulf carrier will initially operate the extra flights on two three-class Boeing 777-300ERs, leased from partner Jet Airways, and from May 1, Jet Airways will take over the service
The Doha carrier now connects four UAE gateways to its global network
A tie-up with Etihad could bring Alitalia the resources to invest in a new strategy focused on long-haul routes.
The group’s planned capital expenditure, net of operating lease liability, will be reduced to $800 million in the next two years, providing reductions of AD$1 billion.
The 1,600-company freezone now accounts for 8 per cent of Dubai’s trade
Akbar Al Baker said Qatar Airways was in talks with British Airways, one of the founding members of the oneworld alliance, on a codesharing agreement.
Strategic agreement follows Qatar’s entry into the oneworld alliance
UAE residents and holidaying Europeans now have improved access to the popular Thai destination
The windy city will shortly will be served by all three Gulf carriers and becomes Emirates’ ninth US gateway
Trade missions designed to foster opportunities across food & beverage, agriculture, education, urban design, marine and fashion
The loan will finance the delivery of the next 17 aircraft on order for the carrier.
Engineers found the smoke to be the result of a common occurrence caused by a warm tyre, the airline said.
The order includes 10 A350-900 and 15 medium-haul A320neo airliners.
The original contract had to be renegotiated after Saudi requested more advanced weaponry and equipment for the Typhoon fleet.
Doha carrier will be first Gulf carrier to operate a purely business class service on the high-density route
The Sharjah-based carrier made a net profit of Dhs94 million ($25.6 million) in the fourth quarter.
The Dubai-based airline sees lower unit costs compared to European carriers because of its business model, says a report from Centre for Aviation.
The Abu Dhabi carrier may have to make a tender offer to buy the entire 25 per cent public holding in Jet.
The Doha-based carrier has 43 A350-900s and 37 A350-1000s on its order books.
The order by DAE for 20 ATR 72-600s and options for 20 additional ones will see delivery between 2015 and 2018.
The airline said it would operate four weekly flights to Tehran, starting from March 3.
The airline will ground 19 or 20 planes, Emirates’ president Tim Clark said.
A stake in the maintenance subsidiary is expected to be sold to the public before June 2015.
Kuwait’s parliament voted on Wednesday to investigate all contracts signed by state-owned Kuwait Airways.
The Middle East posted the strongest growth in demand across all international markets.