James Hogan said Etihad is also looking to add destinations via codeshares with Philippine Airlines, Garuda Indonesia and Malaysia Airlines. Karim Sahib / AFP
James Hogan said Etihad is also looking to add destinations via codeshares with Philippine Airlines, Garuda Indonesia and Malaysia Airlines. Karim Sahib / AFP
James Hogan said Etihad is also looking to add destinations via codeshares with Philippine Airlines, Garuda Indonesia and Malaysia Airlines. Karim Sahib / AFP
James Hogan said Etihad is also looking to add destinations via codeshares with Philippine Airlines, Garuda Indonesia and Malaysia Airlines. Karim Sahib / AFP

Etihad Airways expands Air France-KLM codeshare, agrees to sell Aer Lingus stake


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Etihad Airways has reached a deal to deepen its relationship with Air France-KLM and separately has agreed to sell its stake in Aer Lingus Group.

Etihad and Air France-KLM will share codes on more flights starting this year, opening more European cities to Etihad’s customers, said James Hogan, Etihad’s chief executive, on ­Sunday.

He was speaking at the sidelines of the International Air Transport Association’s (Iata) annual meeting. The airlines have yet to finalise the terms of the deal.

Meanwhile, Etihad will sell its 4.99 per cent stake in Aer Lingus, the Irish flag carrier, in a potential takeover attempt by International Airlines Group (IAG), the parent of British Airways.

The moves reflect Etihad's strategy to expand its route map through airline partnerships. With codeshares on French domestic flights imminent, Etihad was also looking to add destinations via codeshares with Philippine Airlines, Garuda Indonesia and Malaysia Airlines, said Mr Hogan.

“We’re keen to maintain a relationship with IAG. Indications are that they are interested in doing so too,” he said.

Kevin Knight, Etihad’s chief strategy and planning officer, said Etihad was hoping to expand its codeshare with Air France-KLM “as broadly as possible”.

Etihad currently lists its flight code on nine Air France cities and 21 KLM destinations.

Mr Hogan said sharing frequent-flyer rewards would be the next step in the airline’s partnership with Air France-KLM. It had not discussed or considered taking an equity stake in the European carrier, although saying this would never happen was “not possible”, said Mr Hogan.

Across the Atlantic, Mr Knight said Etihad did not have plans to introduce new services to the United States within the next 24 months.

The decision to focus on existing US routes contrasts with Emirates and Qatar Airways, which have announced new flights to seven US cities this spring.

The recent expansion of Arabian Gulf carriers’ flights to the US has caused tensions with US airlines to boil.

US airlines said their Arabian Gulf rivals had received more than US$40 billion in subsidies from the UAE and Qatar, which has allowed them to add excess capacity on key routes, drive down ticket prices and grow market share.

The Arabian Gulf airlines have denied the claims.

Etihad said it was required to repay loans, not subsidies, to its sole shareholder, the Abu Dhabi government.

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Round by round, the player expands their empire. The more land they have, the more money they can take from their coffers for each go.

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TO A LAND UNKNOWN

Director: Mahdi Fleifel

Starring: Mahmoud Bakri, Aram Sabbah, Mohammad Alsurafa

Rating: 4.5/5

Sole survivors
  • Cecelia Crocker was on board Northwest Airlines Flight 255 in 1987 when it crashed in Detroit, killing 154 people, including her parents and brother. The plane had hit a light pole on take off
  • George Lamson Jr, from Minnesota, was on a Galaxy Airlines flight that crashed in Reno in 1985, killing 68 people. His entire seat was launched out of the plane
  • Bahia Bakari, then 12, survived when a Yemenia Airways flight crashed near the Comoros in 2009, killing 152. She was found clinging to wreckage after floating in the ocean for 13 hours.
  • Jim Polehinke was the co-pilot and sole survivor of a 2006 Comair flight that crashed in Lexington, Kentucky, killing 49.
SPECS
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MATCH INFO

Uefa Champions League, last-16, second leg (first-leg scores in brackets):

PSG (2) v Manchester United (0)

Midnight (Thursday), BeIN Sports

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Cricket World Cup League 2

UAE squad

Rahul Chopra (captain), Aayan Afzal Khan, Ali Naseer, Aryansh Sharma, Basil Hameed, Dhruv Parashar, Junaid Siddique, Muhammad Farooq, Muhammad Jawadullah, Muhammad Waseem, Omid Rahman, Rahul Bhatia, Tanish Suri, Vishnu Sukumaran, Vriitya Aravind

Fixtures

Friday, November 1 – Oman v UAE
Sunday, November 3 – UAE v Netherlands
Thursday, November 7 – UAE v Oman
Saturday, November 9 – Netherlands v UAE

Company%20Profile
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Martin Sabbagh profile

Job: CEO JCDecaux Middle East

In the role: Since January 2015

Lives: In the UAE

Background: M&A, investment banking

Studied: Corporate finance

Iraq negotiating over Iran sanctions impact
  • US sanctions on Iran’s energy industry and exports took effect on Monday, November 5.
  • Washington issued formal waivers to eight buyers of Iranian oil, allowing them to continue limited imports. Iraq did not receive a waiver.
  • Iraq’s government is cooperating with the US to contain Iranian influence in the country, and increased Iraqi oil production is helping to make up for Iranian crude that sanctions are blocking from markets, US officials say.
  • Iraq, the second-biggest producer in the Organization of Petroleum Exporting Countries, pumped last month at a record 4.78 million barrels a day, former Oil Minister Jabbar Al-Luaibi said on Oct. 20. Iraq exported 3.83 million barrels a day last month, according to tanker tracking and data from port agents.
  • Iraq has been working to restore production at its northern Kirkuk oil field. Kirkuk could add 200,000 barrels a day of oil to Iraq’s total output, Hook said.
  • The country stopped trucking Kirkuk oil to Iran about three weeks ago, in line with U.S. sanctions, according to four people with knowledge of the matter who asked not to be identified because they aren’t allowed to speak to media.
  • Oil exports from Iran, OPEC’s third-largest supplier, have slumped since President Donald Trump announced in May that he’d reimpose sanctions. Iran shipped about 1.76 million barrels a day in October out of 3.42 million in total production, data compiled by Bloomberg show.
  • Benchmark Brent crude fell 47 cents to $72.70 a barrel in London trading at 7:26 a.m. local time. U.S. West Texas Intermediate was 25 cents lower at $62.85 a barrel in New York. WTI held near the lowest level in seven months as concerns of a tightening market eased after the U.S. granted its waivers to buyers of Iranian crude.
ELIO

Starring: Yonas Kibreab, Zoe Saldana, Brad Garrett

Directors: Madeline Sharafian, Domee Shi, Adrian Molina

Rating: 4/5

UAE currency: the story behind the money in your pockets
About Takalam

Date started: early 2020

Founders: Khawla Hammad and Inas Abu Shashieh

Based: Abu Dhabi

Sector: HealthTech and wellness

Number of staff: 4

Funding to date: Bootstrapped