Etihad appears intent on pushing its first class into the luxury private jet space, targeting high-net-worth individuals across the globe.
One of the options under discussion envisages hiving off a large chunk of Alitalia’s $1.11 billion of debt into a separate company.
Under the plan to woo Etihad, the new firm would take on the majority of Alitalia’s debt and around 3,000 staff, a local paper reported.
72 By Hues is looking to capitalise on Sharjah’s growing tourism market.
The start of operations was marked by the arrival of an Emirates SkyCargo Boeing 777 Freighter from London Heathrow today.
Planned runway maintenance at Dubai International has significantly increased the number of private and business jets at DWC, according to DC Aviation Al-Futtaim.
Additions include a tunnel under the southern runway, nine new aircraft stands and an automated passenger mobility system.
Sources have said that Etihad could invest 500 million euros in return for a 49 per cent stake, but talks reached a stalemate this month when Alitalia raised concerns over the deal conditions.
The newly launched airport is expected to see a surge in traffic as Dubai International closes for a runway upgrade.
Ten airlines are now operating out of the $17 billion facility and all others will switch by May 27
Dubai carrier targets premium business traffic to and from the EU capital
The airline is increasing its services to Beirut and Amman from July.
The agreement includes codesharing, frequent flyer reciprocity, airport lounge access, air pass agreements and cargo cooperation between two airlines.
The German airline had said last month it was in talks over certain options that prompted speculation that Etihad could gain more control over the carrier.
The airport’s passenger traffic was boosted by the expanding networks of Emirates and flydubai, authorities said.
Airline’s first superjumbo scheduled to take off from the new airport
This morning sees the second round of diversions in as many months
Airbus is already working on an all-electric two-seater plane hoping this technology will serve as a step to bringing electric motors on to larger aircraft.
Etihad has so far refused to negotiate with Italy’s unions, which have sunk negotiations between Alitalia and other bidders in the past.
New additions include executives from Air Canada and Air New Zealand.
The Abu Dhabi-based Etihad has been looking at Alitalia’s books for a possible investment since the start of the year.
The UAE carrier said the deal was the starting point of further negotiations, raising the possibility of a codeshare or equity partnership with Fiji in the future.
The Sharjah-based low-cost carrier has been designated the new airline of Ras Al Khaimah following the closure of RAK Airways.
The airline’s growth in revenue was aided by an increase in passengers resulting from its codeshare and equity partnerships.
Minister wants to ‘turbo charge’ investment opportunities on back of abundant air links
Move likely to be welcomed by resident and transfer passengers but both airports will be under scrutiny
Emirates, which may appeal the decision, started to fly the Malpensa-New York route in October last year.
The reduction follows ongoing political unrest in Ukraine.
The Gulf carrier is expected to give a proposal to the Italian airline soon to start formal talks on the potential investment.
German media reports last month said the UAE-based airline could increase its stake in Air Berlin to 49.9 per cent from the current 30 per cent.