Etihad CEO named ‘Executive Leader of the Year’
London, July 15, 2013
Etihad Airways' president and CEO James Hogan was named the 'Executive Leader of the Year' at the annual Airline Strategy Awards, held in London.
Hogan was recognised for his “outstanding strategic thinking and leadership” at the ceremony held at the Honourable Society of Lincoln’s Inn and attended by hundreds of senior airline executives from around the world.
The Executive Leadership Award was chosen by a panel of judges from the aviation industry after a thorough examination of Etihad Airways’ performance in the last 12 months, said a statement.
In-depth analysis was conducted on the airline’s increased profitability, industry leading growth and unique new partnership strategy with other air carriers, it said.
Max Kingsley-Jones, who chaired the judging and is editor of the Airline Business magazine, said: “The judges were hugely impressed with every aspect of his leadership of Etihad Airways and the innovative ways in which the air carrier has grown in stature and success.”
“In the past 12 months many airlines around the world have struggled with their business during challenging economic times but James has spearheaded a remarkable growth story and the panel was delighted to make him the aviation industry’s executive leader of the year.”
Etihad Airways in 2012 reported a 200 per cent increase in net profits to $42 million on revenues of $4.8 billion, a rise of 17 per cent on the previous year. Passenger numbers rose by 23 per cent to more than 10 million and the air carrier contributed $2.3 billion of direct investment to Abu Dhabi and $8.4 billion of indirect spend, said the statement.
The airline signed a number of new codeshare partnership agreements with other airlines around the world, designed to find innovative ways to address costs and work on synergies such as aircraft and engine sourcing and maintenance, it said.
The airline also holds equity investments in airberlin, Air Seychelles, Virgin Australia, Aer Lingus and, subject to regulatory approval, will acquire 24 per cent of India’s Jet Airways, it added. - TradeArabia News Service