Connect with us


AXA Partners extends CarTrawler partnership




AXA Partners extends CarTrawler partnership

AXA Associates British isles & Ireland has extended its partnership with Irish travel tech enterprise, CarTrawler.

The end-to-conclusion technology system expands airline and journey partners’ supplying to their customers, such as auto rental, personal airport transfer and ride-hailing solutions.

Following a thriving partnership spanning six yrs, the two businesses have entered into a new lengthy-time period agreement by way of which AXA Partners will continue to underwrite CarTrawler’s Motor vehicle Employ the service of Surplus Insurance business enterprise, in in excess of 30 territories throughout the world.

In addition, AXA Associates will keep on to assist the CarTrawler expansion tactic as they broaden into new areas.

The continuation of this collaborative partnership will see AXA Partners supply CarTrawler with a slicing-edge, bespoke entrance-close claims program, built to make sure a straightforward and successful process for consumers when building an insurance policies assert.

AXA Partners will also aid CarTrawler’s programs to boost the digital purchaser proposition, and collectively, will function on even more enhancements to merchandise as nicely as securing new growth opportunities.

Peter O’Donovan, main functions officer at CarTrawler, said: “Following a productive and collaborative partnership with AXA Companions in excess of the very last 6 a long time, we are happy to announce our prolonged prolonged-phrase connection with AXA Companions and search forward to deepening our partnership.”

Previous IAG chief executive, Willie Walsh, was appointed deputy chairman of CarTrawler late very last calendar year.


Etihad Airways documents US$1.7bn decline for 2020




Etihad Airways records US$1.7bn loss for 2020

Etihad Airways has noted an operating reduction of US$1.7 billion for fiscal 2020, accelerating the losses of US $.8 billion viewed final yr.

The Abu Dhabi flag-provider blamed the Covid-19 for its deteriorating fortunes.

The airline saw a 76 per cent slide in travellers carried in the course of the yr, down to 4.2 million from 17.5 million in 2019.

This was a end result of reduced need and lowered flight ability caused by the unparalleled world downturn in professional aviation, the carrier mentioned.

Full passenger ability was minimized by 64 for each cent in 2020 to 37.5 billion obtainable seat kilometres, down from 104 billion in 2019, with the seat load aspect declining to 53 for every cent, 25.8 share factors decreased in comparison to 2019.

The airline recorded US $1.2 billion passenger revenues in 2020, down by 74 for each cent from US $4.8 billion in 2019, due to less scheduled products and services and dramatically much less persons travelling.

A contributing variable to this was the whole suspension of passenger products and services into and out of the UAE from stop of March till early June last year to limit the unfold of Covid-19, in line with a UAE federal government mandate.

Far more than 80 for every cent of total travellers carried in 2020 were being flown for the duration of the very first three months of the year, demonstrating the precipitous drop in demand as the world-wide crisis deepened above the course of the yr.

Tony Douglas, team main government officer, Etihad, mentioned: “Covid shook the really basis of the aviation market, but thanks to our devoted folks and the help of our shareholder, Etihad stood agency and is prepared to play a crucial part as the environment returns to flying.

“While no one could have predicted how 2020 would unfold, our target on optimising main organization fundamentals more than the previous a few decades set Etihad in excellent stead to react decisively to the global disaster.

“We have taken daring action to secure our people and our guests, establish an sector-primary health and fitness and cleanliness programme, and restructure our enterprise to far better situation us for restoration.”

Continue Reading