If you feel at home here, the flight deck of an Airbus A380, Etihad may want to hear from you. Chris Ratcliffe / Bloomberg
If you feel at home here, the flight deck of an Airbus A380, Etihad may want to hear from you. Chris Ratcliffe / Bloomberg
If you feel at home here, the flight deck of an Airbus A380, Etihad may want to hear from you. Chris Ratcliffe / Bloomberg
If you feel at home here, the flight deck of an Airbus A380, Etihad may want to hear from you. Chris Ratcliffe / Bloomberg

Etihad Airways on the lookout for new pilots in Europe


  • English
  • Arabic

If you know your way around the flight deck of the world’s biggest passenger plane, among others, Etihad Airways would probably like to hear from you.

The national airline of the UAE has announced it will shortly launch a pilot recruitment drive across Europe. It is the first major push for new flyers in two years with the airline looking for aviators to join both its Airbus and Boeing fleets. The search will be focused on posts for First Officers. The airline operates a range of aircraft including Boeing 777s, B787s, Airbus 330s and the world’s largest passenger jet the A380, with further deliveries of the latter two types occurring in 2017.

The carrier is looking for more experienced flyers as it eyes the expansion of its stable of aircraft.

“2017 will see further additions to our fleet as we continue our growth,” said Richard Hill, the chief operations officer for Etihad Airways. “We are seeking to recruit highly motivated, skilled and qualified pilots to come and join our team.

“It is exciting to be joining an airline that is growing rapidly and while we will recruit experienced pilots, we also put great focus on continued training and excellence in operational standards. This significant growth also creates opportunities for our existing pilots.”

The airline has a current fleet of 123 aircraft and, between 2016 and 2025, that is expected to increase to a total of 179 planes, presenting further opportunities for potential new joiners. Ten aircraft have joined the fleet during 2016 and Etihad’s fleet remains one of the youngest in the world.

The airline’s search for new pilots starts at the Radisson Blu hotel in Bucharest, Romania on November 13. A Radisson property is also the venue for the next recruitment day on November 15, in Sofia, Bulgaria. The Boscolo Marriott provides the setting for the third day, on November 17, in Budapest, Hungary, while Radisson steps into the breach again for the November 19 recruitment day in Vilnius, Lithuania. On November 28, potential Ethihad flyers are invited to attend the Hilton in Athens, Greece, while the Marriott, in Warsaw, Poland is the venue of the following recruitment day on November 30.

The Brussels Renaissance Hotel hosts a recruitment day for aviators in Beligium on December 2, while the final event of the year will be held on December 4 at the Marriott in Lisbon, Portugal.

chnelson@thenational.ae

Follow The National's Business section on Twitter

THE BIO

Favourite book: ‘Purpose Driven Life’ by Rick Warren

Favourite travel destination: Switzerland

Hobbies: Travelling and following motivational speeches and speakers

Favourite place in UAE: Dubai Museum

The BIO

Favourite piece of music: Verdi’s Requiem. It’s awe-inspiring.

Biggest inspiration: My father, as I grew up in a house where music was constantly played on a wind-up gramophone. I had amazing music teachers in primary and secondary school who inspired me to take my music further. They encouraged me to take up music as a profession and I follow in their footsteps, encouraging others to do the same.

Favourite book: Ian McEwan’s Atonement – the ending alone knocked me for six.

Favourite holiday destination: Italy - music and opera is so much part of the life there. I love it.

WOMAN AND CHILD

Director: Saeed Roustaee

Starring: Parinaz Izadyar, Payman Maadi

Rating: 4/5

COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3ECompany%20name%3A%3C%2Fstrong%3E%203S%20Money%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%202018%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20London%3Cbr%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Ivan%20Zhiznevsky%2C%20Eugene%20Dugaev%20and%20Andrei%20Dikouchine%3Cbr%3E%3Cstrong%3ESector%3A%3C%2Fstrong%3E%20FinTech%3Cbr%3E%3Cstrong%3EInvestment%20stage%3A%3C%2Fstrong%3E%20%245.6%20million%20raised%20in%20total%3C%2Fp%3E%0A
Jetour T1 specs

Engine: 2-litre turbocharged

Power: 254hp

Torque: 390Nm

Price: From Dh126,000

Available: Now

Our legal consultant

Name: Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

AIDA%20RETURNS
%3Cp%3E%3Cstrong%3EDirector%3A%20%3C%2Fstrong%3ECarol%20Mansour%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStarring%3A%20%3C%2Fstrong%3EAida%20Abboud%2C%20Carol%20Mansour%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%203.5.%2F5%3C%2Fp%3E%0A
Oppenheimer
%3Cp%3E%3Cstrong%3EDirector%3A%20%3C%2Fstrong%3EChristopher%20Nolan%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStars%3A%20%3C%2Fstrong%3ECillian%20Murphy%2C%20Emily%20Blunt%2C%20Robert%20Downey%20Jr%2C%20Florence%20Pugh%2C%20Matt%20Damon%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%20%3C%2Fstrong%3E5%2F5%3Cbr%3E%3C%2Fp%3E%0A

Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

New schools in Dubai