9 NOVEMBER 2015
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"New competition in global air travel must not be stamped out by the entrenched interests of the legacy carriers", said James Hogan, President and Chief Executive Officer of Etihad Airways, delivering the 2015 Brabazon Lecture at the Royal Aeronautical Society in London.
Mr Hogan commented that the global industry should learn from the British, one of the first markets to embrace true competition and one in which innovation and new approaches could still be seen. In his view air travel, which contributes so much to global trade, was stuck with a regulatory system which limits consolidation, competition and consumer choice.
“Air travel is the lifeblood of the modern economy. But while the modern globalised economy has seen trade and tourism jump forward in leaps and bounds, the structure of our industry has shuffled forward only a few tiny steps.
Mr Hogan outlined Etihad Airways’ model for growth, which has supplemented investment in organic growth with strategic equity partnerships.
As a result, Etihad Airways has been able to compete against its much larger competitors, which have received decades of investment and government support. “Innovation creates new ways of getting through the obstacles of a regulated, shackled industry,” he said. He complimented BA, easyJet and Ryanair for their initiative. http://aerosociety.com www.etihad.com
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