Speaking yesterday at an international aviation event in Washington, D.C., Hogan said: "The traditional airline alliances have evolved into slow-to-respond, bureaucratic organisations which struggle to deliver added value to their member airlines, many of which are no longer compatible with each other.
"If we look at the consolidation currently occurring throughout the airline industry, we are also seeing more fragmentation within the alliances. This is going to continue as members seek ways to operate profitably in a very competitive environment with high fuel costs and generally slower global economic growth.
Hogan went on to say that Etihad Airways’ business model, which is a combination of organic growth, codeshares and minority equity investments, was proving very effective in building passenger numbers, revenue and profit for all its partners.
Etihad Airways owns 29% of airberlin, 40% of Air Seychelles, 9% of Virgin Australia and just under 3% of Aer Lingus. It has 42 code share relationships around the world.
Tell us what you think at below.