Qantas codeshare deal likely in 6 months, says Emirates
Source: BI-ME with Bloomberg , Author: Posted by BI-ME staff
Posted: Thu August 2, 2012 10:36 am
china wholesale market

UAE. Emirates said it may reach a codeshare agreement with Qantas Airways Ltd. (QAN) within six months as the Australian carrier seeks a partner to help revive unprofitable international operations.

“We’ve been engaging with them for some time,” Emirates Chairman Sheikh Ahmed bin Saeed al-Maktoum told reporters in Dubai yesterday. “The objective is to eventually see Qantas fly through Dubai.” The two sides aren’t discussing a revenue- sharing accord, he said.

A tie-up may boost Qantas’s overseas business as the carrier would be able to access Emirates’ network of flights from Dubai, widening the range of one-stop services it can offer on Australia-Europe routes. Emirates would gain access to an Australian sales network run by the country’s largest carrier.

Virgin Australia Holdings Ltd. (VAH), the country’s No. 2 carrier, has formed a similar partnership with part-owner Etihad Airways PJSC that lets it sell one-stop tickets to Europe via Abu Dhabi, Dubai’s neighboring emirate. Qantas only offers one-stop trips to five European cities, via Singapore or Hong Kong, according to a route map on its website. It doesn’t fly to Dubai.

Qantas has forecast that losses on international routes probably doubled to A$450 million ($473 million) in the year ended June because of higher fuel costs and market-share losses. The airline also predicted its first net loss since listing. Qantas is scheduled to report earnings on Aug. 23.

Emirates operates 70 flights a week to Australia and plans to increase frequencies on routes including Adelaide and Perth. The carrier flies 176 aircraft, including the largest fleet of Airbus A380s, to 124 destinations, it said July 4.

 

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: March 27, 2015
INTERNATIONAL. Yemen's close proximity to Saudi Arabia and its strategic location on one side of the fourth busiest shipping lane for crude oil, raise worries about potential disruptions.
date:Posted: March 27, 2015
UAE. Consumption of luxury goods up 11% in the GCC, according to Bain & Company; China luxury market shows a shift in consumer preferences and ties to the GCC; In the UAE, Chinese represent about 2.5% of overall tourists, but account for 7% of the mall footfall and even bigger part of the spend.
date:Posted: March 26, 2015
UAE. Deloitte Middle East conference addresses recent changes in regulation and tax; Developments such as the refurbished runway at Dubai, the mid-field terminal project at Abu Dhabi, the opening of Hamad international in Doha, showcase the commitment to the aviation sector.
UAE. Consumption of luxury goods up 11% in the GCC, according to Bain & Company; China luxury market shows a shift in consumer preferences and ties to the GCC; In the UAE, Chinese represent about 2.5% of overall tourists, but account for 7% of the mall footfall and even bigger part of the spend.
dhgate