Emirates to cooperate with rival Etihad
 
, Posted on 12-Oct-2017


Emirates to cooperate with rival Etihad

SingaporeEmirates is open to cooperation with rival Etihad Airways in areas including procurement, its president Tim Clark said yesterday, adding a full merger between the pair was unlikely but up to the owners.

Based in the United Arab Emirates, Emirates and Etihad have competed to build global networks from their respective hubs in Dubai and Abu Dhabi, even as they battled overcapacity, security concerns and a fall in regional business travel.

“I think there is value to be had working more closely with them,” Clark told Reuters by phone, adding there might be concerns from regulators in some foreign markets.

“There are many areas that the airlines could work together on like procurement. But we have to go the first jump first to understand what it is we could do and I‘m simply the manager of one of the businesses,” he said. “It is my superiors who have to make that call, not me.”

When asked if the pair could pursue a merger along the lines of Europe’s Air France and KLM, Clark said: “I don’t think that will be the case but it is not my call, really. It is whatever (the shareholders) may do in the future.”

Emirates is owned by the Dubai government while Etihad is owned by the Abu Dhabi government. 

Reuters


Related News

EU says to toughen stance on Britain
Dec 13

EU says to toughen stance on Britain

Strasbourg (France)  : The EU will harden its position on Brexit trade talks after London said it would only pay its divorce bill if it got a deal, leading European parliamentarians said on Tuesday. Guy Verhofstadt, the European Parliament’s Brexit coordinator, said EU leaders meeting for a summit...

Read More
Kuwait expects oil market to rebalance
Dec 11

Kuwait expects oil market to rebalance

Kuwait City : Kuwaiti Oil Minister Essam al-Marzouk said on Sunday the international crude market was expected to rebalance in the fourth quarter of 2018 after producers extended a deal to curb output. Speaking on the sidelines of a meeting for the oil ministers of the Organisation of the Arab Petroleum...

Read More
Joyalukkas launches new showroom in Indian capital
Dec 11

Joyalukkas launches new showroom in Indian capital

Delhi : Joyalukkas, has launched its new showroom in the bustling metropolis of South Extension, Delhi.  The new showroom was inaugurated by Vijay Prakash Jain, Secretary General, Bhartiya Udyog Vyapar Mandal, on December 9, and was attended by local dignitaries, VIPs and chief executives of the Joyalukkas...

Read More
Resume dialogue to ease tension
Dec 10

Resume dialogue to ease tension

Beijing : Chinese Foreign Minister Wang Yi reiterated on Saturday the call for all parties to the Korean Peninsula nuclear issue to seriously consider the “suspension for suspension” proposal put forward by China. He made the remarks at a seminar on international relations and...

Read More
Sri Lanka  hands port formally  to China
Dec 10

Sri Lanka hands port formally to China

Colombo : Sri Lanka formally handed over commercial activities in its main southern port to a Chinese company on Saturday and received $292 million out of a $1.12 billion deal, Finance Minister Mangala Samaraweera said. The deal, signed in July, will see China Merchants Port Holdings, handling the Chinese-built...

Read More
Mauritius turns to Saudi fuel after court bans Indian supplies
Dec 09

Mauritius turns to Saudi fuel after court bans Indian supplies

Port Louis : The island-nation of Mauritius has started buying fuel from Saudi Arabia’s state-owned oil company Saudi Aramco after a court ordered a ban on Indian fuel supplies because of a dispute between the country and a shipping firm. For years, Indian oil refiner Mangalore Refinery and Petrochemicals...

Read More
Bitcoin surges  above $15,000
Dec 08

Bitcoin surges above $15,000

London : Bitcoin, the world’s biggest and best-known cryptocurrency, has seen a more than 15-fold surge in its value since the start of the year. It climbed to as high as $15,344 on the Luxembourg-based Bitstamp exchange around 1420 GMT, leaving it up more than 12 percent on the day, having traded just...

Read More
Saudi ups prices for crude to Asia
Dec 07

Saudi ups prices for crude to Asia

On the back of a stronger Dubai benchmark and solid demand in Asia, Saudi Arabia has raised the official selling prices (OSPs) of all its crude grades to Asia for January, generally in line with traders’ expectations. OPEC’s largest producer and exporter has lifted the price of its flagship Arab Light...

Read More
India’s economy rebounds from three year low
Dec 01

India’s economy rebounds from three year low

New Delhi : India’s economy grew at 6.3 per cent in the second quarter of the financial year, official data showed yesterday, rebounding from a sharp slowdown in the wake of high-profile reforms. Government figures showed Asia’s third-largest economy accelerated after five quarters of slowing growth,...

Read More
Jordan cement deal  helps Saudi shares
Nov 28

Jordan cement deal helps Saudi shares

Dubai : Saudi Arabia’s stock index edged higher yesterday after Al Jouf Cement and Saudi Industrial Export Co announced an export deal with Jordan, but the region as a whole traded in small ranges, lacking fresh stimulus. The Saudi index closed 0.1 per cent higher at 6,939 points after approaching and...

Read More