Wednesday, 30 July 2014

Smaller Mideast carriers losing against giants | Economy | Saudi Gazette

Smaller Mideast carriers losing against giants | Economy | Saudi Gazette:



"Royal Jordanian and Saudi Arabian carrier flynas have announced they are dropping routes due to the stresses facing smaller Middle East carriers compared with the region’s giants.



The Jordanian national airline, which has suffered increased costs from having to route flights around neighboring Syria due to the ongoing civil war there, will cease services to Mumbai (Sept. 10), Lagos (Oct. 10) and Delhi  (Oct. 31). This follows a series of service suspensions to Accra, Alexandria, Colombo and Milan in April and May. Additionally, it has transferred its Sharm El Sheikh scheduled service to charter subsidiary Royal Wings.



Announcing the route closures, Royal Jordanian chairman, president and CEO Nasser Lozi said the move was due to the “aggressive growth of regional competition,” as well as increased operating costs."



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