logo
Etihad, Ethiopian Airlines activate codeshare in first phase of joint venture

Etihad, Ethiopian Airlines activate codeshare in first phase of joint venture

Gulf Business3 days ago

Image: Supplied
Etihad Airways and Ethiopian Airlines on Monday announced a new codeshare partnership, as part of a broader plan to implement a joint venture that was announced in March 2025.
From 15 July, Ethiopian Airlines will begin flights between Addis Ababa Bole International Airport and Abu Dhabi's Zayed International Airport. Etihad will follow with daily services to Addis Ababa from 8 October.
The codeshare allows passengers to book a single itinerary with one check-in and baggage transfer, while providing access to more than 75 destinations across both networks.
Etihad customers will gain access to Ethiopian's African network, including destinations such as Kigali, Harare, Lusaka and Victoria Falls. Ethiopian passengers, in turn, can connect via Abu Dhabi to key Etihad destinations such as Colombo, Krabi, Sydney and Phnom Penh.
Read more:
'This partnership allows us to unlock seamless travel opportunities between Africa and Asia, Australia and the Middle East,' said Arik De, chief revenue and commercial officer at Etihad.
Joint venture in motion
The codeshare marks the first phase of a deeper joint venture between the two carriers.
In an interview with
Gulf Business
earlier this year, Etihad CEO Antonoaldo Neves said the partnership will evolve beyond codeshare into full joint operations.
'In a joint venture, revenue is shared equally, and there are no restrictions on how many seats each airline can sell on the other's flights,' he explained.
'We're fast-tracking the partnership so customers benefit sooner.'
Read more:
Neves added that the agreement forms part of Etihad's wider strategy to expand global ties.
'It enables us to offer customers more travel options to Africa, while Ethiopian customers gain access to Etihad's extensive network.'
Ethiopian Airlines is Africa's largest carrier by passengers, fleet size and destinations.
Seated left to right, Mesfin Tasew, Ethiopian Airlines' Group CEO and Antonoaldo Neves, Chief Executive Officer of Etihad Airways. Standing, Lt Gen Yilma Merdassa, Chairman of Ethiopian Airlines and His Excellency Mohamed Ali Al Shorafa, Chairman of Etihad Aviation Group.
Group CEO Mesfin Tasew called the collaboration 'a milestone in enhancing connectivity between Africa, the Middle East and Asia.'
He noted that Abu Dhabi will become the airline's third UAE destination after Dubai and Sharjah.
The agreement follows a strong year for Etihad. In 2024, the airline posted a Dhs1.7bn ($476m) profit after tax on Dhs25.3bn ($6.9bn) in total revenue, with passenger numbers rising 32 per cent to 18.5 million.
Etihad added over 1,700 weekly flights and launched 20 new destinations during the year, including Boston, Jaipur, Bali and Nairobi. Its fleet also grew by 12 aircraft.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Niger's Economy Rebounds in 2024 Thanks to Large-Scale Oil Exports and a Good Agricultural Season
Niger's Economy Rebounds in 2024 Thanks to Large-Scale Oil Exports and a Good Agricultural Season

Zawya

timean hour ago

  • Zawya

Niger's Economy Rebounds in 2024 Thanks to Large-Scale Oil Exports and a Good Agricultural Season

Niger's economy recorded robust growth in 2024, driven by large-scale oil exports. However, short-term sources of growth remain limited and exposed to downside risks, according to the World Bank's latest economic update for Niger, published today. The report analyzes the country's economic, and poverty trends and provides a three-year outlook. A special chapter is dedicated to analyzing Niger's agri-food system, offering recommendations for its effective transformation. According to the report, Niger's economy grew by 8.4% in 2024, up from 2% in 2023. This acceleration was primarily fueled by the start of large-scale oil exports and strong agricultural production, supported by favorable weather conditions. Despite high inflation, including rising food prices, sustained growth contributed to a reduction of extreme poverty. Government revenues fell in 2024 due to a decrease in tax revenues – particularly trade-related taxes – leading to a reduction in investment spending. The resulting deficit, combined with a rapid accumulation of debt, led the IMF and World Bank to jointly downgrade Niger's debt sustainability risk rating from moderate to high. ' Economic growth is expected to remain relatively high in the short-term, but Niger's sources of growth – oil and rain-fed agriculture – are limited and vulnerable to shocks and volatility,' said Han Fraeters, World Bank Country Manager for Niger. ' Investing in an efficient and resilient agri-food system is crucial if Niger is to achieve long-term, sustainable, and inclusive growth.' Economic growth is projected to slow down in 2025, due to a high base effect from 2024 but is expected to remain above 6%, supported by the continued expansion of the oil sector. Inflation is expected to ease, thanks to the strong 2024 harvest. The extreme poverty rate is project to decline in 2025-2027 if agricultural output remains robust. However, food insecurity will remain a challenge. ' If security risks are contained and efforts to expand irrigation are successful, growth could be higher,' said Danon Gnezale, Economist at the World Bank and co-author of the report. ' Several options exist to strengthen the agri-food system, including strengthening value chains and producer organizations, investing in climate-smart agriculture technologies, adopting better regulations, and improving infrastructure.' Distributed by APO Group on behalf of The World Bank Group.

Etihad growth continues with 19% passenger uplift to 1.7m in May
Etihad growth continues with 19% passenger uplift to 1.7m in May

Arabian Business

time4 hours ago

  • Arabian Business

Etihad growth continues with 19% passenger uplift to 1.7m in May

Etihad Airways carried 1.7m passengers in May, representing a 19 per cent increase compared to the same month last year. This continued growth reflects the airline's strategic expansion and strong market positioning. Passenger load factor climbed to 87 per cent, up from 84 per cent in May 2024, reinforcing the carrier's ability to optimise capacity while maintaining high demand. Etihad Airways growth The airline's operating fleet now stands at 100 aircraft, supporting its growing network and service enhancements. In the first five months of 2025, 8.4m travellers have flown with Etihad, a 17 per cent rise from the same period in 2024, with the airline maintaining an impressive 87 per cent average passenger load factor. Antonoaldo Neves, Etihad Airways CEO, said: 'We saw a pleasing continued growth in our momentum, with May's passenger numbers growing by 19 per cent year-on-year, underlining our position as the fastest-growing Middle East airline. 'Our year-to-date results show more than 8m customers have flown with us in 2025, and our rolling 12-month figure now stands at almost 20m, a testament to the trust placed in Etihad's service. 'We reached an exciting milestone in May as our fleet number reached the 100 mark. As we continue expanding our route network and growing our fleet in the coming months, our focus remains on delivering a seamless and exceptional customer experience.'

AD Ports Group, ASRY sign three heads of terms to collaborate on strategic maritime, ports projects
AD Ports Group, ASRY sign three heads of terms to collaborate on strategic maritime, ports projects

Al Etihad

time5 hours ago

  • Al Etihad

AD Ports Group, ASRY sign three heads of terms to collaborate on strategic maritime, ports projects

12 June 2025 20:32 ABU DHABI (WAM) AD Ports Group signed three Heads of Terms (HoTs) with the Arab Shipbuilding & Repair Yard Company (ASRY) for the provision of marine services in Bahrain to collaborate on strategic maritime and ports signing took place in the presence of His Highness Shaikh Nasser bin Hamad Al Khalifa, His Majesty's Representative for Humanitarian Works and Youth Affairs, Kingdom of Bahrain, Chairman of Bapco new agreements follow the successful establishment of ASRY Marine, a joint venture between Noatum Maritime, part of AD Ports Group's Maritime & Shipping Cluster, and ASRY, focused on providing integrated marine services in first Head of Terms (HoT) pertains to a Joint Venture (JV) to manage drydock facilities and shipyards. The JV aims to leverage the capabilities and facilities of each party through their established businesses in this agreement seeks to enhance drydocking and shipbuilding capabilities within the GCC and explore opportunities in other both parties signed a second HoT with a third party, JM Baxi, an India-based well-established business specialising in marine services, ports, logistics, and agreement focuses on creating green ship recycling facilities to promote a circular economy by repurposing parts and minimising waste, thereby reducing carbon recycling in the shipping industry involves the environmentally responsible dismantling and repurposing of ships, contributing to resource conservation and pollution BAXI is actively involved in promoting and implementing sustainable practices in this area and supports the implementation of the Hong Kong Convention (HKC), a global standard for responsible ship final HoT signed by AD Ports Group and ASRY relates to exploring joint investment opportunities within ports and terminals. Through the creation of a collaborative framework and a working group the parties will draw on their joint expertise to identify prospective areas of Director and Group CEO of AD Ports Group, Captain Mohamed Juma Al Shamisi, said, 'Following the successful formation of our recent joint venture with ASRY, we look forward to deepening our collaboration across the maritime realm. We have already developed strong working ties, and this agreement opens the door to create more value and growth across our operations. Exploring opportunities to establish green ship recycling facilities is also very important for us, ensuring that vessels are retired in a safe and environmentally responsible manner.'CEO – ASRY, Dr. Ahmed Al Abri, said, " We are proud to enhance and expand our strategic partnership with AD Ports Group through these new agreements. By combining our shared expertise and advanced infrastructure, and in line with global shifts in the maritime industry, we aim to strengthen our capabilities in drydocking and shipbuilding across the GCC and beyond. We also look forward to developing green ship recycling capacities and entering a vital new field in port management and operation. These initiatives reflect our ongoing commitment to a culture of innovation, operational excellence, and driving growth in the maritime sector." The new areas of cooperation strengthen both parties' maritime capabilities and reach, while the focus on green ship recycling highlights a commitment to sustainability and environmental responsibility, driving innovation and industry growth.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store