NEW DELHI (BLOOMBERG) - The coronavirus outbreak is unexpectedly providing an opportunity to Singapore Airlines to grab a share of the lucrative Indian market held by rivals Emirates Airline and Etihad Airways through a local affiliate.. Read more at straitstimes.com.
NEW DELHI - The coronavirus outbreak is unexpectedly providing an opportunity to Singapore Airlines to grab a share of the lucrative Indian market held by rivals Emirates Airline and Etihad Airways through a local affiliate.
"There will be an increase in the number of people who want to travel direct, say, from India to Europe, because they don't want to transit through another hub that increases travel time, that increases exposure," Mr Kannan said this week. The success of Vistara is crucial for SIA - which just raised about US$6.2 billion by selling shares and convertible bonds - as it needs more connections to its sprawling network in absence of a domestic market.
But with companies now discouraging all non-essential travel, and tourism coming to a standstill, airlines are staring at an uncertain future. The lucrative market of flying passengers between the South Asian nation and Western Europe, Japan or beyond is now dominated by Etihad and Emirates, which connect through their hubs in Abu Dhabi and Dubai, accounting for about a fifth of total traffic.
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