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Etihad considers acquisitions; focus on break even: CEO

9-Jun-2010 11:25 AM

Etihad Airways CEO, James Hogan, stated the carrier may consider acquisitions in the future but will concentrate for now on reaching break-even point (Reuters, 09-Jun-2010). He added that any decision on acquisitions was up to shareholders, while management’s job was to review the business model and submit different scenarios to the board. Mr Hogan also brushed off speculation Etihad is  interested in German LCC, Air Berlin.

Etihad Airways: “At the moment, I am focusing on my mandate, which is to support Abu Dhabi and to make money ... Let’s see what comes next,” James Hogan, CEO. Source: Reuters, 09-Jun-2010.