Bengaluru: Gulf carrier Emirates has said that it was too focused on its own growth to explore opportunities for picking up a stake in any airline in India or elsewhere.
The airline also tried to put an end to the claims from foreign airlines that the UAE Government heavily subsidises Emirates, stating that it does not receive such benefits. “We compete on an even field and the accusation of government subsidies is unfounded,” Essa Sulaiman Ahmad, Vice-President for India and Nepal, told BusinessLine.
Ahmad said though there were reports about Emirates planning to pick up stake in one of the airlines in India, there was no truth in them. “We have no plans to acquire a stake in any airline in India or elsewhere. We are focused on our own growth, investing substantially in strengthening our fleet and expanding our network.”
16/06/15 Business Line
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The airline also tried to put an end to the claims from foreign airlines that the UAE Government heavily subsidises Emirates, stating that it does not receive such benefits. “We compete on an even field and the accusation of government subsidies is unfounded,” Essa Sulaiman Ahmad, Vice-President for India and Nepal, told BusinessLine.
Ahmad said though there were reports about Emirates planning to pick up stake in one of the airlines in India, there was no truth in them. “We have no plans to acquire a stake in any airline in India or elsewhere. We are focused on our own growth, investing substantially in strengthening our fleet and expanding our network.”
16/06/15 Business Line
