Etihad & Lufthansa sign cooperation agreement
Etihad Airways and Lufthansa signed a multi-faceted commercial partnership agreement Wednesday that will see the two companies cooperate via codeshares and across catering and MRO services. It follows a deal agreed between the two late last year in which Airberlin will wet-lease 38 narrowbodies to Lufthansa Group. Etihad has a 29% stake in Airberlin. The agreement reaches far wider across the two company’s businesses and Lufthansa Group chairman and CE Carsten Spohr indicated it has the potential to eventually become a full joint venture. The business environments for both Etihad Airways and Lufthansa, as well as their group airlines, has been challenging with increased LCC competition coming on top of strong competition from the consolidated US majors and rival European airline groups Air France-KLM and IAG. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2017-02-02/star/etihad-lufthansa-sign-cooperation-agreement
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Etihad & Lufthansa sign cooperation agreement
Etihad Airways and Lufthansa signed a multi-faceted commercial partnership agreement Wednesday that will see the two companies cooperate via codeshares and across catering and MRO services. It follows a deal agreed between the two late last year in which Airberlin will wet-lease 38 narrowbodies to Lufthansa Group. Etihad has a 29% stake in Airberlin. The agreement reaches far wider across the two company’s businesses and Lufthansa Group chairman and CE Carsten Spohr indicated it has the potential to eventually become a full joint venture. The business environments for both Etihad Airways and Lufthansa, as well as their group airlines, has been challenging with increased LCC competition coming on top of strong competition from the consolidated US majors and rival European airline groups Air France-KLM and IAG. <br/>
