The partnership approach adopted by Etihad Airways offers a new model for airline competition, said President and CEO James Hogan.
In an industry dominated by legacy airlines, and with such high barriers to entry, no new network carrier could hope to compete effectively in its own, he said. Yet without new competition, consumers around the world would suffer.
Hogan said Etihad Airway´s equity investment strategy was a key element of a two-pronged approach that looks for equity partners to bring network connectivity, generate additional revenues and create economies of scale.
Hogan said Etihad Airways´ entry into the United States market had also brought major benefits to the country.
Etihad Airways began operations in 2003, and in 2015 carried 17.4 million passengers. From its Abu Dhabi base, Etihad Airways flies to, or has announced plans to serve, 116 passenger and cargo destinations in the Middle East, Africa, Europe, Asia, Australia and the Americas.