New Delhi: The merger of US Airways and American, which was cleared by an American judge on Wednesday, is unlikely to have much impact in the Indian market, according to Kapil Kaul, Chief Executive Officer, Centre for Asia Pacific Aviation (CAPA).
A federal bankruptcy judge cleared the way for the two American airlines to merge and create the world’s largest airline.
The tie-up was first announced in February. Agencies say that the new airline will operate 1,500 aircraft, with 600 more on order, and have an annual turnover of almost $39 billion.
It will offer more than 6,700 daily flights to 336 destinations in 56 countries and maintain all hubs now served by either carrier, while being a member of the Oneworld alliance.
Pointing out that the merger of the two airlines was on expected lines, Kaul felt that the impact is likely to be largely felt in the US market.
29/11/13 Business Line
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A federal bankruptcy judge cleared the way for the two American airlines to merge and create the world’s largest airline.
The tie-up was first announced in February. Agencies say that the new airline will operate 1,500 aircraft, with 600 more on order, and have an annual turnover of almost $39 billion.
It will offer more than 6,700 daily flights to 336 destinations in 56 countries and maintain all hubs now served by either carrier, while being a member of the Oneworld alliance.
Pointing out that the merger of the two airlines was on expected lines, Kaul felt that the impact is likely to be largely felt in the US market.
29/11/13 Business Line
