Emirates plans an LCC
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Emirates said it plans to start a low-cost carrier within a year to tap travel demand in the Gulf.
According to an Economic Times report, the carrier - which as yet has no name - will be managed by a senior official of Emirates. The aim is to fly to destinations within 4-1/2 hours of Dubai.
Emirates Chairman Sheikh Ahmed bin Saeed al-Maktoum was quoted saying that the fleet would be equipped either with Boeing 737 aircraft or Airbus A320s.
“We are looking at the market, and we will either buy or lease, depending on the price, and other things.”
In November, Emirates ordered US$23.4 billion of aircraft from Airbus and Boeing, with options for 50 more, valuing the total potential order at almost US$35 billion.
The new carrier will be the sixth LCC in the region and will compete with Sharjah and United Arab Emirates-based Air Arabia, the Middle East’s largest LCC, the report said.
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