Etihad Airways delves into global procurement
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Etihad Airways recently hosted a symposium for more than 500 representatives of local and global businesses, suppliers, commerce and government departments. The event witnessed the procurement and supply management department looking to further strengthen the airline’s reputation and brand in the global procurement market.
James Rigney, chief financial officer of Etihad Airways outlined great potential and opportunities for global companies to work with Etihad Airways and its equity partner airlines around the world.
“Today Etihad Airways is a US$6 billion business supporting growth of Abu Dhabi’s economy and its 2030 vision. However, if we are to sustain our present level of growth, we will need a solid and ever-growing supplier base. We currently have around 2,000 suppliers and the capacity to add many more as the Middle Eastern aviation industry and our business continue on its current growth trajectory.”
The Etihad Airways group contributed a total of US$15.6 bn to Abu Dhabi’s GDP in 2013. This represents 12.8% of the non-oil GDP in the Emirate. The group supported 181,852 jobs in total, while its rapid expansion is expected to help create more than a 100,000 jobs by 2018.
In an active discussion with delegates, the procurement and supply management team covered a range of topics including: how to enhance partnership with Etihad Airways, how to become a supplier with Etihad Airways and its equity partners, the partner selection process, quality and regulatory requirements, current supplier concerns and geographic proximity.
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