Friday 14 February 2014

Middle East airlines must consolidate to survive — IATA | GulfNews.com

Middle East airlines must consolidate to survive — IATA | GulfNews.com:



"Dubai; Middle East airlines that are not backed by government coffers must consider consolidating if they want to survive the pressures of the world’s major carriers, a top regional aviation executive has said.



Airlines continue to try and offset the challenges posed by rising fuel costs, regional political instability and increasing competition from the Gulf aviation giants, Emirates, Etihad Airways and Qatar Airways.



“Consolidation in this part of the world has not yet taken place but it should. We have too many small airlines that will find it difficult to survive with the pressure and the expansion of airlines in the region,” said Hussain Dabbas, Africa & Middle East Regional Vice-President at the International Air Transport Association (IATA)."



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