24 January 2017
The veteran chief executive of Abu Dhabi's Etihad Aviation Group, James Hogan, will leave the company later this year, after a decade working at the airline, it was announced on Tuesday. Read more here.
The Melbourne-born aviation chief joined Etihad Airways in 2006, just three years after it was launched, and was tasked with building the new airline.
Hogan put in place ambitious plans for global expansion, demonstrated at Farnborough Air Show in 2008 when he signed a massive $43 billion order for 205 aircraft.
Three years later he began to roll out his plan of buying equity stakes in strategic airlines around the world. It started in 2011 with a 29.21 percent acquisition of Germany’s Air Berlin, followed by stakes in Air Seychelles (40 percent), Virgin Australia (24.9 percent), Air Serbia (49 percent), Switzerland’s Darwin Airline (33 percent), India’s Jet Airways (24 percent) and Italy’s Alitalia (49 percent).
“We also believed our minority investments would unlock an additional advantage that the global alliances were simply unable to use,” Hogan said of the policy recently. Read more here.
The partners have created the world’s seventh largest airline grouping, serving more than 120 million passengers a year, with a fleet of more than 700 aircraft reaching almost 350 destinations.
However, last month Reuters reported Etihad Airways was reviewing its strategy of investing in European airlines and is seeking an exit in a shake-up of its operations. Read more here.
The airline became profitable in 2011 and in its latest full year results, in April 216, it announced a net profit of $103 million for 2015, on the back of total revenue of $9.02 billion.
Some of Hogan’s most high profile marketing moves have included hiring Australian Oscar-winning actress Nicole Kidman as a brand ambassador in 2015, to help promote its ‘The Residence by Etihad’, its super-premium suite, which costs $20,000 each way and includes three rooms and a dedicated butler. Read more here.
On top of luxury, safety was also a top priority and earlier this month JACDEC, the Jet Airliner Crash Data Evaluation Centre, announced that Etihad Airways was among the safest airlines in the world, ranked 8th overall internationally. Read more here.
Today, the Abu Dhabi aviation group has more than 26,000 employees and it is estimated that last year it contributed more than $9.6 billion to the Abu Dhabi economy, a figure that is expected to grow to $18.2 billion by 2024, according to the statement issued on Tuesday.
Hogan will leave in the second half of this year and the airline group has already begun the process of finding a new chief executive. The Etihad Airways statement did not say where Hogan was moving to, only stating that he was joining an investment company.
© Express 2017
The veteran chief executive of Abu Dhabi's Etihad Aviation Group, James Hogan, will leave the company later this year, after a decade working at the airline, it was announced on Tuesday. Read more here.
The Melbourne-born aviation chief joined Etihad Airways in 2006, just three years after it was launched, and was tasked with building the new airline.
Hogan put in place ambitious plans for global expansion, demonstrated at Farnborough Air Show in 2008 when he signed a massive $43 billion order for 205 aircraft.
Three years later he began to roll out his plan of buying equity stakes in strategic airlines around the world. It started in 2011 with a 29.21 percent acquisition of Germany’s Air Berlin, followed by stakes in Air Seychelles (40 percent), Virgin Australia (24.9 percent), Air Serbia (49 percent), Switzerland’s Darwin Airline (33 percent), India’s Jet Airways (24 percent) and Italy’s Alitalia (49 percent).
“We also believed our minority investments would unlock an additional advantage that the global alliances were simply unable to use,” Hogan said of the policy recently. Read more here.
The partners have created the world’s seventh largest airline grouping, serving more than 120 million passengers a year, with a fleet of more than 700 aircraft reaching almost 350 destinations.
However, last month Reuters reported Etihad Airways was reviewing its strategy of investing in European airlines and is seeking an exit in a shake-up of its operations. Read more here.
The airline became profitable in 2011 and in its latest full year results, in April 216, it announced a net profit of $103 million for 2015, on the back of total revenue of $9.02 billion.
Some of Hogan’s most high profile marketing moves have included hiring Australian Oscar-winning actress Nicole Kidman as a brand ambassador in 2015, to help promote its ‘The Residence by Etihad’, its super-premium suite, which costs $20,000 each way and includes three rooms and a dedicated butler. Read more here.
On top of luxury, safety was also a top priority and earlier this month JACDEC, the Jet Airliner Crash Data Evaluation Centre, announced that Etihad Airways was among the safest airlines in the world, ranked 8th overall internationally. Read more here.
Today, the Abu Dhabi aviation group has more than 26,000 employees and it is estimated that last year it contributed more than $9.6 billion to the Abu Dhabi economy, a figure that is expected to grow to $18.2 billion by 2024, according to the statement issued on Tuesday.
Hogan will leave in the second half of this year and the airline group has already begun the process of finding a new chief executive. The Etihad Airways statement did not say where Hogan was moving to, only stating that he was joining an investment company.
© Express 2017
