DW: Italy reaches deal with Lufthansa over sale of stake in ITA
DW News reports: The deal still needs to be cleared by the the European Commission. What else ...
By Alex Lennane
So pre-Christmas press reports are true: James Hogan, the authoritarian chief of Etihad, is set to leave in the second half of 2017. He takes CFO James Rigney with him to an unnamed investment company.
The move comes following concern over the carrier’s strategy and investments in Europe, in particular at Air Berlin and Alitalia. Job losses are expected at the Abu Dhabi carrier. You can read the carrier’s press statement here.
Comment on this article
KEVIN MONTEATH
January 24, 2017 at 4:00 pmWhen you have the cash flow in abundance to acquire, stop to think what will be the repercussion backlash? Should have done more for the carrier with what’s available.
It was a wrong move from inception! Time to move on.