Etihad Aviation Group and Lufthansa German Airlines disclosed the information of a new commercial partnership. The two airline groups have concluded a US $100 million global catering deal and a Memorandum of Understanding to collaborate in aircraft maintenance, repair and overhaul.
Addressing a press conference in Abu Dhabi, the chief executives of both airline groups spelled out plans to expand their commercial partnership.
James Hogan, Etihad Aviation Group president and chief executive officer, said, “Partnerships are at the heart of our strategy and remain fundamental for us to compete effectively and efficiently in a complex and competitive global market.
“Our collaboration with one of the aviation industry’s most established and recognised brands is undoubtedly the most significant non-equity partnership with an airline we have ever announced”.
Carsten Spohr, Lufthansa Group chairman and chief executive officer, said, “We welcome the opportunity to strengthen our cooperation with the Etihad Aviation Group. Together we can create added value for our customers and shareholders. Partnering with the Etihad Aviation Group fits perfectly the Lufthansa Group’s global strategy for our passenger airlines and service companies.”
