Today’s Airfare of the Day goes to Etihad Airways and their midweek business class promotional round trip fares between Seoul and Frankfurt.
Seems that Etihad won’t get away from its liabilities with Alitalia and Airberlin after using billions to shore up the equity on both airlines before they collapsed. Airberlin was liquidated while Alitalia continues to fly while they try to find yet another buyer for the airline (perhaps hopeless process).
Now, there are $1.2B in bonds issued in Amsterdam by “special purpose vehicle” SPV Equity Alliance Partners (EAP) that is linked to Etihad according to Reuters that will have soon trouble meeting its payments due to both Alitalia and Airberlin each owning roughly 19% of the obligations.
Etihad Airways has changed their baggage allowance to a system bases on not only cabin but also the individual fare for all tickets purchased effective January 31st 2018 onward.
Economy Class will now have four different baggage allowance categories with the lowest being just 23KG and the highest for Eco Flex Tickets being 35KG.
Etihad Airways, the troubled national airline of United Arab Emirates based in Abu Dhabi, has grounded its fleet of five Airbus A330 freighters and has requested pilots to take up to 18 months of unpaid leave.
The airline changed its CEO last year, two of its equity alliance airlines went into bankruptcy (Airberlin and Alitalia) and one of them was liquidated (Airberlin) and the airline is apparently doing a “strategic review”. Bloomberg suggests that Etihad may consider canceling some airplane orders it has placed with Airbus and Boeing.
A LoyaltyLobby reader dropped me an email regarding weird practice that Etihad Airways, which owned 70% of Topbonus at the time it went to administration, is calling Topbonus issued award ticket holders demanding random extra payments.
Etihad Airways, the national airline of United Arab Emirates based in Abu Dhabi, is in search of extra revenue after disastrous investments to bankrupt airlines such as Alitalia and Airberlin (the latter has already folded and closed its shop) that they are introducing paid items for economy class passengers come 2018.
Passengers can purchase specialty coffee, champagne, amenity kit and pajamas (no longer supplied free of charge to business class passengers), and snack boxes.
A LoyaltyLobby reader dropped me an email about interesting situation where they are with American Express point transfer and award tickets issued on Etihad Airways.
Etihad Airways had tried to update the Guest loyalty program website and back end IT over the past few months but something has went terribly wrong during the last upgrade.
Apparently the airline’s loyalty program has lost email addresses for most members of its Guest program. Many need to update their passwords due to new interface and this requires sending an email with one-time code to the email address on file that the airline now doesn’t have on the database in use!
Air Berlin Insolvency Administrator Seeks Multi Million Euro Damages From Etihad For Causing Bankruptcy
Air Berlin’s insolvency administration came forward this week with a bizarre claim that they consider Etihad being responsible for the German carriers sudden insolvency and now seek for a multi million Euro settlement.