Eti­had, Jet carry 3.3 mil­lion pas­sen­gers

The Pak Banker - - COMPANIES/BOSS -

Eti­had Air­ways an­nounced a 63 per cent in­crease in ful­lyear pas­sen­ger traf­fic with part­ner Jet Air­ways to and from In­dia. To­gether, the air­lines car­ried a record 3.3 mil­lion pas­sen­gers be­tween Abu Dhabi and In­dia in 2015, rep­re­sent­ing a sharp rise on the two mil­lion pas­sen­gers flown dur­ing the pre­vi­ous 12 months.

Eti­had was the first for­eign air­line to in­vest in an In­dian car­rier un­der the cur­rent In­dian for­eign di­rect in­vest­ment rules when it in­vested $750 mil­lion in Jet Air­ways for a 24 per cent equity stake in 2013.

Eti­had Air­ways to­day op­er­ates 175 flights each week to and from 11 In­dian gate­way cities. The com­bined net­works of Eti­had Air­ways and Jet Air­ways of­fer over 250 weekly flights be­tween Abu Dhabi and 15 cities across In­dia.

To­gether, both air­lines are the mar­ket leader in terms of travel be­tween In­dia and the UAE. In terms of the over­all in­ter­na­tional mar­ket, they fly be­tween them ap­prox­i­mately 20 per cent of all world­wide trav­ellers to and from In­dia.

In ad­di­tion, Eti­had Air­ways Cargo op­er­ates 14 weekly freighters to four cities in In­dia and flies around 120,000 tonnes of cargo each year in and out of the coun­try - rep­re­sent­ing around nine per cent of the to­tal in­ter­na­tional mar­ket.

James Ho­gan, Eti­had Air­ways' pres­i­dent and CEO, said: "With Eti­had Air­ways and Jet Air­ways to­gether of­fer­ing over 44,000 seats each week be­tween Abu Dhabi and In­dia, we are a key con­trib­u­tor to In­dia's econ­omy. There is room to grow and we are look­ing at op­por­tu­ni­ties to de­velop op­er­a­tions."

More­over, Gulf car­rier Eti­had Air­ways along with part­ner Jet Air­ways has car­ried a record 3.3 mil­lion peo­ple be­tween Abu Dhabi and In­dia in 2015, reg­is­ter­ing a 63 per cent growth in pas­sen­ger traf­fic.

To­gether, the air­lines car­ried a record 3.3 mil­lion pas­sen­gers be­tween Eti­had Air­ways' Abu Dhabi hub and In­dia in 2015, rep­re­sent­ing a sharp rise on the 2 mil­lion flown dur­ing the pre­vi­ous 12 months, the air­line said." Bi­lat­eral re­la­tions be­tween the UAE and In­dia con­tinue to grow based on years of friend­ship and deep com­mit­ment to strengthen eco­nomic, cul­tural and trade ties.

"With Eti­had Air­ways and Jet Air­ways to­gether of­fer­ing over 44,000 seats each week be­tween Abu Dhabi and In­dia, we are clearly are a key con­trib­u­tor to In­dia's dy­namic econ­omy. There is fur­ther room to grow and we are look­ing at the many op­por­tu­ni­ties that ex­ist to de­velop our op­er­a­tions," said James Ho­gan, Eti­had Air­ways' Pres­i­dent and Chief Ex­ec­u­tive Of­fi­cer." Our in­vest­ment in Jet Air­ways was aimed at be­ing part of the In­dian suc­cess story. Be­fore the Jet deal, Eti­had Air­ways car­ried only two per cent of the in­ter­na­tional traf­fic to and from In­dia. We have helped bring Jet Air­ways back to prof­itabil­ity.

"To­day, Jet Air­ways is our num­ber one equity part­ner for rev­enue and pas­sen­ger con­tri­bu­tion on Eti­had Air­ways, and In­dia is Abu Dhabi's num­ber one source mar­ket for in­ter­na­tional vis­i­tors," he added.The UAE is the 10th big­gest for­eign - and largest Arab - in­vestor in In­dia.

Eti­had op­er­ates 175 flights each week to and from 11 In­dian gate­way cities. The com­bined net­works of Eti­had Air­ways and Jet Air­ways of­fer over 250 weekly flights be­tween Abu Dhabi and 15 cities across In­dia.From May 1, the air­line will launch its award-win­ning Air­bus A380 op­er­a­tions to Mum­bai.

By 2020, do­mes­tic and in­ter­na­tional pas­sen­ger traf­fic through In­dian air­ports is ex­pected to dou­ble to 450 mil­lion. The UN World Tourism Or­gan­i­sa­tion pre­dicts more than 50 mil­lion In­di­ans trav­el­ling over­seas an­nu­ally by 2020.

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