HOGAN: Air Serbia becomes profitable
James Hogan, president and CEO of the Etihad Group, says that other companies in which Etihad has invested, Air Serbia, Jet Airways, Air Seychelles, Virgin Australia and Etihad Regional, have all become more efficient and profitable.
– In those cases, our long term investments are already delivering a return. However, we have faced greater challenges with Air Berlin and with Alitalia. Both are operating in very tough competitive environments, and need to address long-standing issues facing their businesses – he said.
– We remain committed to our partners, as the strategy of establishing partnerships is the key element of the development of the Etihad Group's operations – Hogan said and added that the investments had had a direct impact on the revenues and had brought hundreds of millions of dollars of additional revenues.
Hogan says that the operating strategy of each individual airline has remained in charge of the local management.
– We are happy to support managements and provide advice when we are asked to do so, but the implementation plans are in their hands – he added.
Hogan denied that Etihad was looking to acquire a 40% share in Lufthansa and said that they were interested in some form of partnership, but not the purchase of shares.
Most Important News
06.04.2024. | Agriculture
Preconditions for Placement of Fresh Blueberries and Dried Plums in Chinese Market Secured
16.04.2024. | News
Jovan Ciric, Leasing Director Retail MPC Properties – MPC Echo symbolizes our desire for good ideas and innovative endeavors to spread freely and bring about positive changes
16.04.2024. | News
10.04.2024. | Finance, IT, Telecommunications, Tourism, Sports, Culture
Creative Industry – What This Serbian Economy Sector Worth EUR 2 Billion Encompasses
10.04.2024. | Finance, IT, Telecommunications, Tourism, Sports, Culture
17.04.2024. | Industry, Construction, Transport, Finance
Feka Automotive to build energy-efficient production facility – EBRD approves EUR 15 million
17.04.2024. | Industry, Construction, Transport, Finance
16.04.2024. | News
Economy Fair in Mostar opens – 26 companies from Serbia exhibiting
16.04.2024. | News
16.04.2024. | News
Polish chain Zabka to come to Serbia?
16.04.2024. | News