Etihad, Jet carry 3.3 million passengers
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.