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Etihad Airways posts 23% passenger growth in 2014

Etihad CEO and President James Hogan says airline has surpassed its targets
Etihad CEO and President James Hogan says airline has surpassed its targets

Etihad Airways today reported a 23% growth in passenger numbers in 2014 as it pushed ahead with expanding routes through code-sharing and acquisitions. 

The Abu Dhabi government-owned airline carried 14.8 million passengers last year, it said in a statement. 

Passenger numbers from its codeshare partners grew 40% during 2014 to 3.5 million. 

"Our business model continued to yield positive results in 2014 and surpassed our double-digit targets for passenger and cargo growth," said James Hogan, president and chief executive of the airline. 

The airline's cargo business grew 17% in 2014 from 2013. It entered into seven new codeshare tie-ups and bought a 49% stake in Alitalia last year. 

The Italian carrier joins Etihad's equity partners network that includes Airberlin, Air Serbia, Air Seychelles, Jet Airways and Virgin Australia. It also owns just under 5% of Aer Lingus. 

Etihad launched services to 10 new destinations in 2014 and increased frequencies on 23 existing routes, the company said today.