Abu Dhabi - Mubasher: Etihad Airways affirmed that it is not planning to exit its stakes in current investment or acquire new ones in other companies, a top official has said.
Peter Baumgartner, the CEO of Etihad Airways, added that the Abu Dhabi-based airline had no intention to buy more aircraft in the near future, according to Al-Ittihad newspaper.
Etihad’s last deals were enough to achieve its goals for the coming years, Baumgartner added, indicating that the airline has a fleet of 119 airplanes added to169 others under order.
Etihad Airways is now working on a comprehensive review of its operating strategy, which includes a destination map, fleet volume, marketing processes, sales, and distribution.
The CEO noted that the company has a scheduled plan for a new phase of growth and expansion.
It is expected that 2018 will be an extension of 2017 in regard to the pace of growth led by Etihad’s operations in regional markets, the CEO said, indicating that the airline will focus on markets serving the emirate of Abu Dhabi’s tourism strategy, according to the newspaper.
Abu Dhabi-based Etihad Airways is wholly owned by the government and has investment stakes in seven airlines such Air Berlin, Air Serbia, Air Seychelles, Alitalia, and Virgin Australia Airlines.
