Etihad Airways has announced on Monday that it has signed a codeshare agreement with Air France-KLM that will take effect late October.
The announcement comes one day after the Abu Dhabi based-Eithad said that its code sharing and partnerships-revenues were up by 51 percent, reaching $182 million in the third quarter, the Gulf News newspaper reported.
The agreement will enable Etihad to extend its global reach to cover a network of 321 destinations in Europe, the Middle East, Asia and Australia.
In addition to the deal with Air France- KLM, Etihad has announced a similar agreement with Airberlin.
These agreements will allow passengers from the French and German airlines to fly on the routes that Etihad already serves.
“Partnerships are delivering a major source of our revenue growth, by extending our network reach. This year to date, they are providing 18 percent of our revenues and will be a major contributor to our sustained profitability growth this year and into the future,” Etihad Airways’ President and Chief Executive Officer, James Hogan, told local media.
“Gulf carriers have now officially changed the face of aviation. It is cheaper for Etihad to do this and build its network this way, and it is the only way Air France-KLM, which is facing high costs and debts to stay in the game and serve large (and growing) parts of the globe, can survive,” the aviation analyst, Andrew Charlton of Aviation Advocacy, added.