• Abu Dhabi’s Etihad Airways 2012 profit triples

    February 5, 2013

    Abu Dhabi : Abu Dhabi’s Etihad Airways, which is edging closer to an investment in India’s Jet Airways,  said net profit tripled in 2012 as its fast-expanding global network attracted more passengers.

    Etihad, which has stakes in Air Berlin and Virgin Australia, earned a net profit of $42 million in 2012, compared with $14 million in the previous year.

    Revenue rose 17 percent in 2012 to $4.8 billion from $4.1 billion in 2011, the airline said in a statement.

    The eight-year old carrier made its first profit in 2011. Unlisted Etihad has been on an acquisition drive in recent months, taking minority equity stakes in Virgin Australia and Aer Lingus and raising its shareholding in Air Berlin and Air Seychelles.

    A deal with Jet Aiways, which would be the first foreign investment into India’s aviation market, is expected this week, an official at the Indian airline, who declined to be identified, said in January. The UAE carrier competes with key Gulf rivals like Emirates and Qatar Airways, which are all growing their reach into Europe, Asia and other markets.

    Etihad said it carried 10.3 million passengers last year, up 23 percent over 2011. The average seat factor was 78.2 percent, up 2.4 percent over 2011.

    Equity and codeshare partners contributed to more than 1.2 million passengers tapping Etihad’s network. The airline hedged 80 percent of fuel costs during the year, the same level as in 2011. – Reuters

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      Dubai – As tourism destinations in the Gulf Cooperation Council (GCC) continue to grow, involving local communities in destination development has become increasingly vital for long-term success.

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      Messe Berlin announces the official launch of Messe Berlin India, a newly incorporated subsidiary that underscores the company’s long-term commitment to one of Asia’s fastest-growing markets. Headquartered in Delhi , the new entity will serve as a strategic base for expanding ITB India and launching future projects tailored to the Indian market. With this establishment, Messe Berlin is reinforcing its vision of India as a regional hub for innovation, collaboration, and sustainable business growth within the exhibition and events industry.

      “Messe Berlin’s presence in India reflects our strategic intent to strengthen our international reach by being where the growth is. India is a key market for us — vibrant, diverse, and full of opportunities. With Messe Berlin India, we are laying down long-term foundations to build strong partnerships, support local industries, and elevate our global platforms,” said Dr. Mario Tobias, CEO, Messe Berlin.

      ITB India, inaugurated in 2023, continues as the flagship event under the new subsidiary. Held annually, ITB India is a three-day B2B travel trade show and convention that connects the global travel and tourism industry with the Indian market. Alongside MICE Show India, Travel Tech India, and the ITB India Conference, ITB India serves as a unique platform to forge new partnerships, strengthen existing ties, and capitalize on the fast-growing potential of the Indian and South Asian travel economies. The show hosts key players from the MICE, Leisure, Corporate Travel, and Travel Technology sectors. The upcoming edition, ITB India 2025, will take place from 2 – 4 September 2025  in Mumbai.

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