Dubai-based Emirates Airlines is keen to operate more flights to India. The airline is eagerly hoping to get to do so after the air services talks between India and the United Arab Emirates (UAE).
“India is a huge market for Emirates, but the seats and number of cities to which we are allowed to operate are constrained (at the moment),” President Tim Clark said while launching a new concourse dedicated to the superjumbo aircraft, Airbus A380, at the Dubai Airport on Sunday.
He said that Emirates was keen on at least doubling the number of seats it could offer in the country and add another five to six cities, which could take the number of seats the airlines offers to over one lakh a week from about 54,200 now and the number of cities in which it is present to 16 from 10 currently. Clark hoped that if the bilateral talks were concluded successfully, it would not be only one airline from the Gulf which would stand to benefit. Emirates is the largest foreign airline operating in India.
The comments come against the backdrop of the much-anticipated stake sale of Indian carrier Jet Airways to the Abu Dhabi, UAE-based Etihad Airways. Recently, Etihad CEO James Hogan confirmed that the airline was carrying out due diligence that could lead to acquiring a stake in the Indian carrier. While details of the deal have not yet been made public, it is expected that Etihad will acquire a 24 per cent stake in Jet Airways. The Centre for Asia-Pacific Aviation estimates that the acquisition could be valued at up to $330 million.
As regards labour mobilisation in India, he said that it had attained new dimensions and the large number of people moving in and out of the country made it an important market for them. Describing India as a vibrant and hugely populated country, Clark said Indian passengers remain largely underserved.
“If people want to come in and do business with you, why would you (Indian Government) stop that?” Clark asked. Clark also said that the company’s revenue was poised to grow at 18-20 per cent for the fiscal ending March. He added that their situation looked promising and the company is likely to end the fiscal with more cash.
http://www.thehindubusinessline.com/industry-and-economy/logistics/emirates-hopeful-of-doubling-seats-offered-in-india/article4407990.eceIn
“India is a huge market for Emirates, but the seats and number of cities to which we are allowed to operate are constrained (at the moment),” President Tim Clark said while launching a new concourse dedicated to the superjumbo aircraft, Airbus A380, at the Dubai Airport on Sunday.
He said that Emirates was keen on at least doubling the number of seats it could offer in the country and add another five to six cities, which could take the number of seats the airlines offers to over one lakh a week from about 54,200 now and the number of cities in which it is present to 16 from 10 currently. Clark hoped that if the bilateral talks were concluded successfully, it would not be only one airline from the Gulf which would stand to benefit. Emirates is the largest foreign airline operating in India.
The comments come against the backdrop of the much-anticipated stake sale of Indian carrier Jet Airways to the Abu Dhabi, UAE-based Etihad Airways. Recently, Etihad CEO James Hogan confirmed that the airline was carrying out due diligence that could lead to acquiring a stake in the Indian carrier. While details of the deal have not yet been made public, it is expected that Etihad will acquire a 24 per cent stake in Jet Airways. The Centre for Asia-Pacific Aviation estimates that the acquisition could be valued at up to $330 million.
As regards labour mobilisation in India, he said that it had attained new dimensions and the large number of people moving in and out of the country made it an important market for them. Describing India as a vibrant and hugely populated country, Clark said Indian passengers remain largely underserved.
“If people want to come in and do business with you, why would you (Indian Government) stop that?” Clark asked. Clark also said that the company’s revenue was poised to grow at 18-20 per cent for the fiscal ending March. He added that their situation looked promising and the company is likely to end the fiscal with more cash.
http://www.thehindubusinessline.com/industry-and-economy/logistics/emirates-hopeful-of-doubling-seats-offered-in-india/article4407990.eceIn
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