Etihad Airways, for Innovative Expansion in India

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Etihad Airways doubled the number of flights and tripled the number of seats among Abu Etihad Airways, for Innovative Expansion in IndiaDhabi, Mumbai and New Delhi, adding up a daily second service and wide bodied Airbus planes on the routes.
“Central to the Etihad Airways plan is the use of Abu Dhabi as a global hub connecting international passengers and freight with flights to and from India,” Etihad said.
Subject to regulatory approval, the airline said that it planned to code share on Jet Airways flights between India and the US, flying via Abu Dhabi, as well as code sharing on each other’s flights to other markets internationally.
“Doubling frequencies will mean choicer and better fares for passengers but not necessarily translate into profit,” “we’ve seen a litany of Indian airlines struggle,” as he added.
“India is one of the world’s largest and fastest-growing air travel markets, and will play an increasingly important role in our growth,” said the president and chief executive of Etihad.
Etihad in April announced the agreement to acquire a 24 per cent stake in Jet Airways for $379m. It pledged to invest a further $150m in Jet’s frequent flyer programme and $70m to buy Jet’s six landing slots at London’s Heathrow Airport through a sale-and-leaseback agreement. Etihad Airways said that its additional capacity will benefit both India’s and Abu Dhabi’s economies.
The deal was repeatedly delayed though as the airlines awaited regulatory clearances in India. Under the deal, Etihad becomes the first foreign carrier to buy a stake in an Indian airline after the Indian government on the previous year permitted investment of up to 49 per cent in the country’s carriers for the first time.
Etihad Airways also exposed that its cargo division moved a record 49,700 tons of freight last month, up 52 per cent on the same period in the previous year.
Etihad Cargo has had a record year to date, the airline said, with the performance “driven largely by stronger performance into and out of some of our larger markets including China and India, as well as expanding markets such as the Netherlands and the United States,” he ended.