Etihad plans more partnerships as it pencils in double-digit growth

Wednesday 07 August 2013 08.08
Etihad Airways holds stakes in Aer Lingus, Virgin Australia, Air Berlin, Aer and Air Seychelles
Etihad Airways holds stakes in Aer Lingus, Virgin Australia, Air Berlin, Aer and Air Seychelles

Etihad Airways expects to build alliances in China and the Americas as the Abu Dhabi-based carrier targets more double-digit growth in the years ahead.

The company has been aggressively expanded its global reach through codeshares and minority stake investments.

"We will continue to work with other airlines to broaden our network," Etihad'S chief executive James Hogan on the sidelines of the Australia Pacific Aviation Summit in Sydney today.

Etihad has been nurturing its international network over the past ten years as it competes with regional rivals Emirates Airline and Qatar Airways.

Etihad, whose annual net profit tripled in 2012, holds stakes in Aer Lingus, Virgin Australia, Air Berlin, Aer and Air Seychelles.

The airline is also waiting for final regulatory approval for its planned $379m stake purchase in India's Jet Airways. The state-backed carrier said last week that it plans to buy a 49% stake in Serbia's loss-making JAT Airways.

"We continue to see double-digit growth as we look over the horizon," Hogan said.