Itapemirim Group, one of Brazil's largest passenger bus companies, is about to start up its own airline, named "Ita," backed by one of Abu Dhabi's sovereign wealth funds. The news was announced this week by the company owner, Sidnei Piva, to Folha de São Paulo newspaper. According to Piva, the new airline would be included in a USD $500 million investment by the fund. The money would also assist the cash-strapped, financially troubled Itapemirim Group to replace its bus fleet.…
The two main international carriers of the United Arab Emirates continue to attract the attention of the aviation industry. On Thursday, Emirates Airline reported a half-yearly profit of AED 862 million ($235 million), a massive 282 percent increase compared to the same April – September period in 2018. The carrier…
In a surprising announcement, Etihad Airways will loan out pilots to rival U.A.E. carrier, Emirates. The move was confirmed by officials from Emirates Airline as a way to stifle the airline's ongoing pilot shortage. The unique pilot sharing program comes as both airlines continue to face their own unique struggles.…
Abu Dhabi-based Etihad Airways has announced it will start service to Barcelona beginning this November, becoming the airline’s second destination in Spain following service to Madrid. Etihad will begin operating the route five times a week with its Airbus A330 aircraft before moving to daily service in March of 2019.…
Etihad Airways announced Monday that they have achieved their best operational performance since 2009. The Abu Dhabi based carrier has trumpeted network punctuality figures of 82 percent for departures and 86 percent for arrivals. Richard Hill, Chief Operations Officer, Etihad Airways, said: “We are pleased to have recorded these strong…
With approval from the Executive Council in Abu Dhabi back in 2012, a new path was set forth to create an iconic terminal not just to host the country’s home carrier, Etihad Airways, but to fuel the country’s continued growth. Now just over four years later, the AED $19 billion…
