17-Jul-2014 4:44 PM
Etihad Airways: Investment strategy ensures competition
Etihad Airways president and CEO James Hogan stated (16-Jul-2014) the carrier's strategy of taking equity stakes in a range of European carriers ensures competition. Mr Hogan said: "Alone, neither Etihad Airways nor our network partners can hope to effectively compete against the might of the European legacy carriers and their alliances. Alone, neither of us would succeed in increasingly competitive markets. But together, we can win by sharing efficiencies and applying best practice, and we can deliver a highly efficient business performance to create and deliver sustainable profitability." Mr Hogan added: "In each case, we work within the regulatory framework. We have no control, nor do we desire it." [more - original PR]