Skip to main content
  • Home

Search This Site

EX-YU Aviation News

EX-YU Aviation News

  • About
  • Vintage
  • Trip Reports
  • Newsletter
  • Support

EX-YU VINTAGE


Aviogenex ad
"550.000 foreign tourists in 1985"

Labels

ACI Air Adria Airways Adria Airways Switzerland Adria Tehnika Air Croatia Air Montenegro Air Serbia Amelia International Archive files Banja Luka
Belgrade BH Airlines Bihać bosnia and herzegovina Bosnian Wand Airlines Brač Covid-19 croatia croatia airlines Dalmatian Dubrovnik ETF Airways European Coastal Airlines Feature Fleet Fly Air41 Airways FlyBosnia Focus Jat Airways Jat Tehnika jobs Kon Tiki Sky Kosovo Kraljevo Limitless Airways Livery Ljubljana Lošinj low cost airline macedonia Maribor Mat Airways MAT Macedonian Airlines montenegro montenegro airlines mostar MRO New route Newsflash Niš Ohrid Osijek Photo podgorica portorož Pragusa.One Priština Privatisation PROMO Pula Results 2008 Results 2009 Results 2010 Results 2011 Results 2012 Results 2013 Results 2014 Results 2015 Results 2016 Results 2017 Results 2018 Results 2019 Results 2020 Results 2021 Results 2022 Results 2023 Results 2024 Results 2025 Rijeka Ryanair safety sarajevo Sea Air serbia service Skopje Sky Srpska slovenia Smile Air Split Summer 2009 Summer 2010 Summer 2011 Summer 2012 Summer 2013 Summer 2014 Summer 2015 Summer 2016 Summer 2017 Summer 2018 Summer 2019 Summer 2020 Summer 2021 Summer 2022 Summer 2023 Summer 2024 Summer 2025 Summer 2026 tivat ToMontenegro Trade Air Trebinje Trip report Tuzla Užice VLM Airlines Winter 2008/09 Winter 2009/10 Winter 2010/11 Winter 2011/12 Winter 2012/13 Winter 2013/14 Winter 2014/15 Winter 2015/16 Winter 2016/17 Winter 2017/18 Winter 2018/19 Winter 2019/2020 Winter 2020/2021 Winter 2021/2022 Winter 2022/2023 Winter 2023/2024 Winter 2024/2025 Winter 2025/2026 Wizz Air Zadar zagreb
Show more Show less

Archive

  • July3
  • June80
  • May83
  • April80
  • March80
  • February73
  • January84
  • December81
  • November83
  • October83
  • September79
  • August80
  • July83
  • June76
  • May84
  • April81
  • March77
  • February78
  • January81
  • December83
  • November83
  • October84
  • September84
  • August87
  • July84
  • June80
  • May84
  • April79
  • March84
  • February75
  • January81
  • December79
  • November79
  • October80
  • September81
  • August81
  • July79
  • June79
  • May80
  • April75
  • March84
  • February76
  • January79
  • December83
  • November78
  • October78
  • September79
  • August86
  • July98
  • June99
  • May93
  • April93
  • March92
  • February83
  • January93
  • December94
  • November77
  • October80
  • September79
  • August79
  • July86
  • June84
  • May86
  • April82
  • March95
  • February74
  • January79
  • December82
  • November77
  • October84
  • September80
  • August82
  • July84
  • June75
  • May79
  • April76
  • March75
  • February73
  • January80
  • December80
  • November79
  • October77
  • September73
  • August70
  • July80
  • June75
  • May76
  • April72
  • March75
  • February71
  • January78
  • December74
  • November72
  • October75
  • September69
  • August65
  • July73
  • June73
  • May74
  • April67
  • March72
  • February64
  • January72
  • December73
  • November70
  • October70
  • September70
  • August56
  • July68
  • June72
  • May73
  • April56
  • March31
  • February29
  • January34
  • December31
  • November30
  • October31
  • September31
  • August31
  • July31
  • June30
  • May31
  • April30
  • March31
  • February28
  • January31
  • December31
  • November30
  • October31
  • September30
  • August31
  • July31
  • June30
  • May31
  • April30
  • March31
  • February28
  • January31
  • December31
  • November30
  • October30
  • September30
  • August31
  • July31
  • June30
  • May31
  • April30
  • March31
  • February28
  • January31
  • December32
  • November30
  • October31
  • September30
  • August31
  • July31
  • June30
  • May31
  • April30
  • March31
  • February29
  • January31
  • December31
  • November30
  • October31
  • September30
  • August31
  • July31
  • June30
  • May31
  • April30
  • March31
  • February28
  • January31
  • December32
  • November31
  • October31
  • September30
  • August31
  • July31
  • June30
  • May32
  • April31
  • March31
  • February28
  • January31
  • December31
  • November30
  • October31
  • September31
  • August31
  • July31
  • June30
  • May31
  • April30
  • March32
  • February29
  • January31
  • December30
  • November30
  • October31
  • September30
  • August30
  • July31
  • June31
Show more Show less


Etihad defends equity investment strategy

  • Get link
  • Facebook
  • X
  • Pinterest
  • Email
  • Whatsapp
  • Telegram
  • Reddit
  • Linkedin
  • Other Apps
NEWS FLASH


Air Serbia's part-owner, Etihad Airways, has defended its strategy of investing in a number of airlines, noting that the policy has delivered revenue and synergy benefits. The President and CEO of Etihad Aviation Group, James Hogan, said the Emirati carrier is already seeing a return on investment from Air Serbia, among others. “Our investments had an immediate impact on the revenue side, delivering hundreds of millions of dollars in additional revenues and allowing us to fill our onward connecting flights. Those benefits have been replicated in all our minority investments – in Air Berlin, Alitalia, Jet Airways, Virgin Australia, Air Serbia, Air Seychelles and Etihad Regional", Mr Hogan said yesterday. He added, "We have had some strong results but we also face some significant challenges. Jet Airways, Air Serbia, Air Seychelles, Virgin Australia and Etihad Regional have all used our capital investments to help structure their businesses into more efficient and profitable operations. In those cases, our long term investments are already delivering a return. However, we have faced greater challenges with Air Berlin and with Alitalia. Both are operating in very tough competitive environments, and need to address long-standing issues facing their businesses. I believe Air Berlin’s strategy is now on track and Alitalia is finalising a business plan to address its issues". Mr Hogan reiterated that Etihad is committed to its equity partner strategy, noting that, "Some of those airlines need to react to the market pressures they face, and we are supportive of that process". Etihad's strategy of investing in fledgling carriers across the world has been under scrutiny recently with ongoing financial issues at Air Berlin and Alitalia. Etihad yesterday rebuffed speculation it was in talks of taking a 30% - 40% stake in Lufthansa. Late last year, the Emirati carrier also denied rumours it would disinvest from Air Serbia, noting it was "fully committed" to the partnership.
January 18, 2017
Air Serbia Newsflash Privatisation serbia
  • Get link
  • Facebook
  • X
  • Pinterest
  • Email
  • Whatsapp
  • Telegram
  • Reddit
  • Linkedin
  • Other Apps

Comments

  1. Anonymous14:29

    Alitalia was always in the red. That thing is losing money no matter the amount (or lack) of competition
    They had one year of profits since 1946

    ReplyDelete
    Replies
    1. Anonymous14:38

      True indeed. Makes you wonder why Hogan thought he could change anything.

      Delete
      Replies
        Reply
    2. Reply
  2. Anonymous14:43

    Hogan is facing though time due to huge loss he generated. There are opinions that he will survive at the helm, due to past "miracles"he did for EY. If so, it will be first time in history that someone in commercial aviation is pardoned after burning down 2.5 billion $. Regarding JU it's true EY instantly started to gain return on investment, but that has nothing to do with the commercial conditions. It came from subsidies.

    ReplyDelete
    Replies
    1. Anonymous15:05

      can you exactly explain how it gained from the subsidies? almost all subsidies were in form of JU not paying airport tax (JU, not EY), so what are we talking about here?

      Delete
      Replies
        Reply
    2. Anonymous17:30

      It's obvious: JU got state support trough subsidies, claimed profit, EY took its share of the profit, i.e. immediate return on investment. Clear and simple. Now Hogan has a case, saying not all European investments were dubious. He emphasizes JU as a profitable investment with immediate profit. In reality, profitability was provided by the Serbian taxpayers.

      Delete
      Replies
        Reply
    3. Anonymous18:56

      So all this fuss about a couple of millions of profit that went so far to EY? To EY, which has tens of billions of state support. Does not make much sense, anon. 5.30. Nothing clear and simple there. Or in real life for that matter.

      Delete
      Replies
        Reply
    4. Anonymous19:21

      It's not how large the profit is. He is using JU as a case to show profitability is possible in Europe. That's where he is manipulating. Because JU is not a proper example, since the profit comes from state subsidies. He has no other example in Europe. All EY's European investments failed (including JU), because the income per seat-kilometer is three times less than in US. That's why European legacy airlines are struggling. That's why in restructuring of AB and AZ Hogan is talking on future focusing on long-haul. But, the big picture is more complicated, even for Hogan's survival.

      Delete
      Replies
        Reply
    5. Anonymous19:59

      Anonymous January 18, 2017 at 5:30 PM
      +1

      Delete
      Replies
        Reply
    6. Anonymous21:01

      Anon. 19.21
      Conspiracy theorists are the easiest targets for con artists. To them, everything seems clear and simple. Con artists just love that.

      Delete
      Replies
        Reply
    7. Anonymous21:37

      Anon 9:01 pm

      Nothing about conspiracy. All data mentioned in post 7:21 are public. It's clear and simple. Hogan failed in Europe, but he had no other choice, since no US airline is on sale. He probably knew there is no profit in Europe, but he didn't care: he was burning UAE money, not his own.

      Delete
      Replies
        Reply
    8. Anonymous09:35

      @5.30
      the level of information that flies around here is critical. how can you write about the stuff you don't even understand?

      what EY share of profit? there were no dividends ffs!
      if there were no creative accounting this company would be burning ~20mil€/y

      only upside that hogan mentions is addition of pax, and incoming revenue, however the man is forgetting to mention are these pax profitable? obviously not.
      entire these boasting looks like a swan song.

      Delete
      Replies
        Reply
    9. Reply
  3. Anonymous18:19

    Has Hogan left EY or is he still the CEO?

    ReplyDelete
    Replies
    1. Anonymous18:20

      Like it says in the text he is President and CEO of Etihad aviation Group.

      Delete
      Replies
        Reply
    2. Anonymous19:08

      It was reported in December that he would leave by the end of January,confirmed from several independent sources to Handelsblad. The Australian reconfirmed and claimed he would be joined by CFO James Rigley (both members of JU board). But, it seems Hogan is working hard to keep his position, so at least one international report couple days ago stated he might stay.Basically, that's the purpose of this news we are commenting - to defend his position. His arguments are: yes, I lost 2.5 billion $, but these poor investments brought EY hundreds of thousands new passengers from AB and AZ, so the loss is much lower. Hogan likes the argument of "indirect" income. Every three months he orders new research from Oxford Analytics to show the indirect contribution of EY to various economies, including Serbian. Of course, he is manipulating many figures, like in case of the profitability of JU.

      Delete
      Replies
        Reply
    3. Reply
Add comment
Load more...

Post a Comment

EX-YU Aviation News does not tolerate insults, excessive swearing, racist, homophobic or any other chauvinist remarks or provocative posts with the intention of creating further arguments. A full list of comment guidelines can be found here. Thank you for your cooperation.

VINTAGE EX-YU


Aviogenex ad
"550.000 foreign tourists in 1985"

POPULAR THIS WEEK

Image

Wizz Air Abu Dhabi temporarily suspends flights

Image

Belgrade Airport prepares for new terminal expansion

Image

Air Serbia responds to growing easyJet challenge

Image

Ryanair negotiating Skopje flights

Image

Airlines plan five new subsidised routes from Sarajevo in 2026

Powered by Blogger
© EX-YU Aviation News 2008 - 2025