Sunday 22 November 2009

Etihad helps to drive economic growth in UAE.


I have found some interesting information about economic achievements of UAE Etihad airlines.
So, Etihad airlines of United arabic emirates, which based in Abu Dhabi (it is a capital of UAE). It operates in many countries in the world, include Australia, countries of South America, and some countries of Africa. Etihad were established as national airlines of UAE in 2003. Since this year, Etihad airlines achieved absolutely astonishing aims in economics concepts, they rise their economic growth for 35 %, and every year this number is increasing and it is first airlines which made this progress. Etihad airlines have economic stability, their economic growth never fallen below 40% a year. In the financial concepts during 2008 year Etihad carried 6 million passengers and 330.000 tonnes of cargo. Nowadays Etihad airlines ranked on 4 place in the world in terms of economic growth. During last 10 years Etihad is set to support the creation of more than 100.000 jobs in the UAE during the next 10 years. Financial Times reported that Etihad airlines is playing crucial role in driving economic growth and supporting and driving tourism, business and investment.It is very significant and growing contribution to the economic growth of UAE. Researching in economic contribution defined at four levels: direct (within Etihad), indirect (suppliers to Etihad),induced (spending of direct and indirect employees) and catalytic(impact on many other industries). According to the Financial Times Etihad is already making significant contribution to Abu Dhabi's gross domestic product (GDP). Etihad airlines have made a direct economic contribution of Abu Dhabi non-oil GDP in 2007, employing 4.107 people within UAE. This report shows that Etihad make a positive role for UAE and Etihad is improvig links between Abu Dhabi and the rest of the rest of the global economy. With Etihad assistance UAE will increase their GDP for 28 billion AED (AED-UAE currency) supportin 140.565 jobs.After 3 years Etihad will make an investment at the airport infrastructure in Abu Dhabi. Also Etihad airlines make a big contribution to many other big companies such as Ferrari, where both companies made a deal where Etihad airlines are making a profitable sponsorship for Ferrari. Also last year Etihad became the main sponsor of English football club Manchester city, where Etihad invest about 50 million pounds for a year.

1 comment:

  1. Flight Carrier service really do helps a lot in the development of a country. It brings in and out everything that could greatly bring big impact in the economy of the place. It do play a vital role for the progress of one country.


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