Etihad Airways will soon begin a new global recruitment drive for 2023 in search of cabin crew, ahead of the planned return of its Airbus A380 superjumbos in the summer as travel demand continues to grow.
The airline will be hiring candidates from across the world in January, from its home base in Abu Dhabi to cities in Europe and Asia as it continues to grow amid a surge in passenger demand, the airline said on Monday.
"If you’re interested in a flying career then there is no better place to start than here," said Nadia Bastaki, Etihad's chief human resources, organisational development and asset management officer.
"Those who are selected will be able to experience different cultures, visit wonderful destinations and grow their career within Etihad."
The move comes after the Gulf carrier pledged to return four of its 10 A380s to the skies, rethinking its earlier plans to ground the double-deckers indefinitely, as travel demand surged across its network.
The UAE airline plans to use four of its superjumbos in the summer on flights to London Heathrow, freeing up capacity for increased frequencies on existing routes and the launch of new destinations, it said.
Etihad is preparing the aircraft to fly again, which will require the recruitment and training of pilots, cabin crew and technical ground staff.
Under Etihad Airways' hiring plan for this month, recruitment managers will seek out candidates in Kuala Lumpur, Abu Dhabi, Dublin, Bratislava, Istanbul and Madrid.
This follows recruitment drives held in Doha last week and in Lisbon on January 9, according to the airline.
Applicants must bring their CVs to the open days and shortlisted candidates will be invited for an interview the next day, the carrier said. Successful candidates will join a comprehensive training programme in Abu Dhabi.
Cabin crew are provided with fully furnished accommodation in Abu Dhabi, a "competitive" salary, medical insurance and travel benefits for their friends and family, the airline said. They will also get discounts on food and beverages as well as leisure activities in the UAE capital.
A look inside Etihad's training and recruitment
The latest hiring round follows recruitment drives at Etihad Airways in late 2021 and 2022 as the airline seeks to expand operations in response to the travel rebound after the Covid-19 pandemic.
Globally, the airline passenger business is expected to generate revenue of $522 billion this year, according to the International Air Transport Association.
Passenger demand is expected to reach 85.5 per cent of 2019 levels over the course of 2023, it said in its latest forecast.
Passenger numbers are expected to surpass the four-billion mark for the first time since 2019, with 4.2 billion travellers expected to fly this year.
Yields, however, are expected to soften by 1.7 per cent as somewhat lower energy costs are passed through to passengers, despite demand growing more quickly (21.1 per cent) than capacity (18 per cent), Iata said.
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- UAE bt Oman by 13 runs
- Hong Kong bt Nepal by 3 wickets
Final:
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Directed by: Shari Springer Berman, Robert Pulcini
Starring: Amanda Seyfried, James Norton
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Price, base: Dh138,000 (estimate)
Engine: 2.0L, turbocharged, in-line four-cylinder
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How to invest in gold
Investors can tap into the gold price by purchasing physical jewellery, coins and even gold bars, but these need to be stored safely and possibly insured.
A cheaper and more straightforward way to benefit from gold price growth is to buy an exchange-traded fund (ETF).
Most advisers suggest sticking to “physical” ETFs. These hold actual gold bullion, bars and coins in a vault on investors’ behalf. Others do not hold gold but use derivatives to track the price instead, adding an extra layer of risk. The two biggest physical gold ETFs are SPDR Gold Trust and iShares Gold Trust.
Another way to invest in gold’s success is to buy gold mining stocks, but Mr Gravier says this brings added risks and can be more volatile. “They have a serious downside potential should the price consolidate.”
Mr Kyprianou says gold and gold miners are two different asset classes. “One is a commodity and the other is a company stock, which means they behave differently.”
Mining companies are a business, susceptible to other market forces, such as worker availability, health and safety, strikes, debt levels, and so on. “These have nothing to do with gold at all. It means that some companies will survive, others won’t.”
By contrast, when gold is mined, it just sits in a vault. “It doesn’t even rust, which means it retains its value,” Mr Kyprianou says.
You may already have exposure to gold miners in your portfolio, say, through an international ETF or actively managed mutual fund.
You could spread this risk with an actively managed fund that invests in a spread of gold miners, with the best known being BlackRock Gold & General. It is up an incredible 55 per cent over the past year, and 240 per cent over five years. As always, past performance is no guide to the future.
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