Etihad CEO Hogan to Go as It Battles Losses at European Partners

Etihad Airways announced the exit of long-time chief executive officer James Hogan and will review the web of holdings he created in other airlines as the Persian Gulf company struggles with mounting losses from investments in Air Berlin Plc and Alitalia SpA.

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James HoganPhotographer: Simon Dawson/Bloomberg

Etihad Airways announced the exit of long-time chief executive officer James Hogan and will review the web of holdings he created in other airlines as the Persian Gulf company struggles with mounting losses from investments in Air Berlin Plc and Alitalia SpA.

The 60-year-old Australian will leave in the second half as Etihad reviews its own operations and the future direction of Hogan’s so-called equity alliance, which has seen the Abu Dhabi-based carrier take minority stakes in a variety of smaller and often ailing airlines across Europe and the Asia-Pacific.

“We must ensure that the airline is the right size and the right shape,” Etihad Aviation Group Chairman Mohamed Mubarak Fadhel Al Mazrouei said in a statement Tuesday. “We must progress and adjust our airline equity partnerships even as we remain committed to the strategy.” More info

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