Major airline companies Etihad and Lufthansa have signed a deal ensuring their joint cooperation in coming years.
The deal involves a $100-million global catering agreement, as well as cooperation in “aircraft maintenance, repair and overhaul”.
Etihad CEO James Hogan calls the deal the airline’s “most significant non-equity partnership with an airline” ever.
“This partnership is the platform for a much wider strategic collaboration between our two organisations,” he adds. “It demonstrates the commitment of the Etihad Aviation Group Board and Abu Dhabi to our European growth strategy.”
The catering deal will run over the course of four years, while the maintenance deal is expected to pave the way for further cooperation in freight, procurement and passenger services.
The entire deal, in addition to the previously announced codesharing agreement, will supposedly grant Lufthansa access to markets across the Indian subcontinent, with Etihad benefitting from the German carrier’s South American connections.
“We welcome the opportunity to strengthen our cooperation with the Etihad Aviation Group,” adds Lufthansa CEO Carsten Spohr. “Together we can create added value for our customers and shareholders.”