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Consolidation is not an option for Emirates Airlines despite such a move being made by other airlines, according to its senior vice president for commercial oeprations, East Asia and Australasia, Richard Vaughan.
"Given the current economic crisis, there will be more consolidations in the aviation industry, especially among the larger carriers, but Emirates is not going on that track," he told reporters after the opening ceremony of Emirates' new office at Pavilion Kuala Lumpur today.
Vaughan said Emirates was well placed to offset the impact from the current economic slowdown. "We believe that we have the ability to manage the business on our own," he said when asked on the outlook for the aviation industry next year.
http://malaysia.news.yahoo.com/bnm/2...n-ceeeaba.html
"Given the current economic crisis, there will be more consolidations in the aviation industry, especially among the larger carriers, but Emirates is not going on that track," he told reporters after the opening ceremony of Emirates' new office at Pavilion Kuala Lumpur today.
Vaughan said Emirates was well placed to offset the impact from the current economic slowdown. "We believe that we have the ability to manage the business on our own," he said when asked on the outlook for the aviation industry next year.
http://malaysia.news.yahoo.com/bnm/2...n-ceeeaba.html
Well, with that many aircraft on order - they cannot possibly fathom taking on someone else's metal. Bullish theory, but so far they have been sucessfull. I wish them the best with this stratergy...