Etihad named CAPA Airline of the Year

ABS-CBN News

Posted at Dec 16 2014 05:54 PM | Updated as of Dec 17 2014 01:54 AM

MANILA, Philippines - Etihad Airways, the national airline of the United Arab Emirates, has been named CAPA Airline of the Year at the CAPA Aviation Awards for Excellence 2014 in Antwerp, Belgium.

Etihad operates two flights daily between Abu Dhabi and Manila.

The CAPA Aviation Awards for Excellence, the world’s pre-eminent aviation strategy awards, are for strategic leadership in the aviation industry.

The Airline of the Year award is given to the carrier which has had the greatest impact on the development of the global airline industry, as a strategic leader and by setting a benchmark for others to follow.

Peter Harbison, CAPA executive chairman, presented the award to Etihad Airways, citing the airline for its "remarkable strategic partnership model."

“Recognising that organic growth was not likely to generate the rapid global expansion it needed, Etihad Airways has relied on an extensive network of codeshares and most notably, established its own ‘equity alliance’, cemented by minority holdings in airlines around the world... In a new world of aviation partnerships, Etihad Airways is at the strategic vanguard of equity relationships, as a growing number of airlines – notably in Asia – line up to emulate the success of this truly original model," Harbison said.

James Hogan, Etihad Airways President and Chief Executive Officer, said receiving Airline of the Year is not just a great honor but also "a powerful endorsement of the Etihad Airways business model."

"The four-pillars of our strategy – organic expansion, codeshare partnerships, minority investments in other airlines and deep commercial agreements – are more than a new rule book for global aviation they are the keys to a long and sustainable future for the airline and its partners," he said.