India Said to Consider Abu Dhabi Air Accord to Increase Flights - Bloomberg

India Said to Consider Abu Dhabi Air Accord to Increase Flights - Bloomberg:

"India will consider for approval an accord with Abu Dhabi allowing carriers in the two countries to boost flights, two government officials who have been briefed on the matter said.
The bilateral air services agreement with Abu Dhabi will be considered by the cabinet today, said the people who asked not to be identified before a public announcement. The accord will more than triple the number of seats carriers can sell on flights between the two countries to about 50,000 per week through 2015 from 13,300 a week now, the people said.
The agreement will help Abu Dhabi-based Etihad Airways PJSC increase services to India as it seeks to purchase a 24 percent stake in Jet Airways (India) Ltd. (JETIN) to tap travel demand in a market that’s set to become the world’s second-fastest growing by 2016. An investment by Etihad will make it the first overseas carrier to invest in an existing local carrier after India eased ownership rules last year."

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