BiziBB
Mar 18, 08, 12:22 am
I'm not sure what this means, in terms of asking for further capital investment, but there is a story about Etihad's report to shareholders, to recommend its purchase of up to 100 new aircraft. Quote attached.
The hedging story is interesting.
I'd have thought ALL airlines, including OPEC oil-state-owned carriers, would always hedge in these markets. :rolleyes:
Was their own source so much cheaper that they didn't think it necessary to fully hedge?
Etihad to hedge fuel costs to 2010 (http://www.meed.com/news/2008/03/etihad_to_hedge_fuel_costs_to_2010.html) [MEED/Emap]
...Etihad has hedged 78 per cent of its fuel costs for this year, and with the prospect of continuing soaring oil prices, will now extend this to 2010.
...reviewing available models of aircraft from Airbus and Boeing with a view to placing an order this year of 50 to 100 new planes for delivery between 2012 and 2020.
Hogan says that once decisions have been made as to the aircraft best-suited to the company's future expansion plans, a report will be submitted to shareholders.
Also, EY has a fare sale UK to Beijing (http://www.etihadairways.com/etihadairways/uk/en/home/promotiondetails?Prom_Id=230&viewmore=VRNRC):
Heathrow from £430
Manchester from £422
including taxes and fuel surcharges.
Outbound from March 30 and June 30
The Jo'burg fare at £460 looked good, too.
The hedging story is interesting.
I'd have thought ALL airlines, including OPEC oil-state-owned carriers, would always hedge in these markets. :rolleyes:
Was their own source so much cheaper that they didn't think it necessary to fully hedge?
Etihad to hedge fuel costs to 2010 (http://www.meed.com/news/2008/03/etihad_to_hedge_fuel_costs_to_2010.html) [MEED/Emap]
...Etihad has hedged 78 per cent of its fuel costs for this year, and with the prospect of continuing soaring oil prices, will now extend this to 2010.
...reviewing available models of aircraft from Airbus and Boeing with a view to placing an order this year of 50 to 100 new planes for delivery between 2012 and 2020.
Hogan says that once decisions have been made as to the aircraft best-suited to the company's future expansion plans, a report will be submitted to shareholders.
Also, EY has a fare sale UK to Beijing (http://www.etihadairways.com/etihadairways/uk/en/home/promotiondetails?Prom_Id=230&viewmore=VRNRC):
Heathrow from £430
Manchester from £422
including taxes and fuel surcharges.
Outbound from March 30 and June 30
The Jo'burg fare at £460 looked good, too.