Royal Jordanian Airlines, a member of the British Airways-led Oneworld alliance, said a merger with a larger carrier is inevitable as high fuel prices, competition from local rivals and a sluggish economy squeeze earnings.
While Amman-based Royal Jordanian, founded in 1963 and one of the Middle East's oldest airlines, has no concrete plans for a transaction, it views consolidation as "a must," Chief Executive Officer Hussein Dabbas said in an interview.
"We are looking and reviewing options and talking to airlines to see when the time is right for us to do something," Dabbas said yesterday. "With the pressure we are seeing from mega-carriers around the world, whether European or regional, to continue as we are is going to be a difficult game to follow."
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