This post contains references to products from one or more of our advertisers. We may receive compensation when you click on links to those products. For an explanation of our Advertising Policy, visit this page.
James Hogan, the president and chief executive at Etihad Airways, said today that he’s stepping down from his position at the company in the second half of 2017. Etihad has been struggling financially in recent years, as it tries to keep up with its minority stakes in smaller airlines across Europe and Asia.
As Etihad has grown, it’s introduced products that have been flashy and customer-friendly, but not necessarily profitable, such as The Residence and The Apartment. TPG flew The Residence in 2015, which features a living room, separate bedroom and shower — it’s one of the most extravagant experiences at 35,000 feet. Watch his experience in the video below:
During his time at Etihad, which began in 2006, Hogan has expanded the airline from a regional offering to a global carrier with more than 120 aircraft in its fleet. Etihad currently has 178 aircraft on order and employs 26,000 people. However, the growth under Hogan’s reign was overshadowed by its cash-draining investments in Alitalia and Air Berlin.
Along with the announcement of Hogan stepping down this year, Etihad also announced that its Chief Financial Officer James Rigney will also leave his role. Both Hogan and Rigney will take on new roles at an investment company outside of the United Arab Emirates, which is not linked to Etihad.
There’s no doubt Hogan made an impact on the commercial airline industry during his time at Etihad — including introducing some pretty spectacular products. It’ll be interesting to see the direction Etihad goes moving forward.
H/T: Flight Global
Featured image courtesy of Pier Marco Tacca via Getty Images.
Know before you go.
News and deals straight to your inbox every day.
NEW INCREASED OFFER: 60,000 Points
TPG'S BONUS VALUATION*: $1,200
CARD HIGHLIGHTS: 2X points on all travel and dining, points transferrable to over a dozen travel partners
*Bonus value is an estimated value calculated by TPG and not the card issuer. View our latest valuations here.
- Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 toward travel when you redeem through Chase Ultimate Rewards®
- 2X points on travel and dining at restaurants worldwide & 1 point per dollar spent on all other purchases.
- No foreign transaction fees