ROME – is certainly Not a bolt from the blue the departure of James Hogan, dominus absolute group Etihad Aviation, the brand that controls a universe of very diverse companies and companies operating in the sector of commercial aviation. Hogan will leave the helm in a few months, to mid-2017, as was announced a few hours ago. The rumors and denials that are overlaid on one another in the past few weeks they had already taken into account the resignation of manager ex rugby player australian of 60 years who is now preparing to lead a group in charge, always in the united Arab Emirates of financial investments. The jerk that is passing through th e backbone of the Etihad is leading to the exit from the group cfo James Rigney, the faithful number one, a clear sign of the abandonment of the policy of expansion through the acquisition of slices of the airlines, that does not convince most of the emirs. This long goodbye has started last year, when the shaky fortunes of the two european airlines such as AirBerlin, and especially Alitalia, they turned on the lights on the phenomenon Etihad. A phenomenon that has deflated under the blows of the financial statements in red for the two companies where the arabs are joined, respectively, with 29.9%, with a 49.9%. The accumulated losses for the two companies exceeded a billion euros in just a few years of “care” Etihad and the board of directors that controls the company started to appreciate more the policy successfully started in 2006 by Hogan. A force of “slices” of airlines, Etihad now controls a dozen, but the return on investment is unsatisfactory. And it is just the two crisis AirBerlin and Alitalia have put the corner of the rugby, Melbourne. For this, Hogan has been “promoted” last year at the head of the whole group and have opened the doors of its natural substitute, Peter Baumgartner, who has taken the place in the vector. The airline emirates, which is the third power of fire in the Gulf after Emirates and Qatar, is born 11 years ago, thanks to the work of the former manager of the australian for many years, Hertz, the giant of car hire, a commitment that is very hard and super competitive that taught Hogan how to win difficult matches. The same roughness that is very often been a trademark of the number one Etihad has emerged forcefully during the difficult phases of the negotiation to the entry in Alitalia in 2013-2014, at the end of the era of “Captains courageous” by Roberto Colaninno, and called by Silvio Berlusconi to the bedside of an Alitalia went bankrupt in 2008. Hogan, in fact, has repeatedly pushed down on the accelerator of the cuts and a revision of the costs of Alitalia, causing friction with the trade unions and the government. An attitude very tranchant that the counterparts, partners included, do not have appreciated knowing the delicacy of the relations between the so cial partners in our Country. In any case, the news was in the air and proclaim it was the same airline the uae, explaining that the output is part of a “transition process” started by the board of directors, and by the same Hogan, but without providing further details. Now even his faithful Cramer Ball, also he is australian number one, Alitalia, is pushed in the corner waiting for the implementation of the business plan shown yesterday to the board of directors of the company is based in Fiumicino. The Ball has submitted to the external consultants, a restructuring plan that includes cutting costs for 160 million euros. But after the announcement of the departure of Hogan, even the position of the Ball, that rumors already wanted to risk replacement, is likely to weaken further. Hogan remains for now a vice president of Alitalia in expectation of his exit.
- Topics:
- Alitalia
- Etihad Airways
- Etihad
- leaves
- chief executive officer
- Starring:
- james hogan
- Cramer Ball
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