Emirates chief fears ‘gathering storm’ as he hints at exit | GulfNews.com

Emirates chief fears ‘gathering storm’ as he hints at exit | GulfNews.com:

"Emirates President Tim Clark said the world’s biggest long-haul airline faces a “gathering storm” as a new generation of low-cost carriers targets the intercontinental routes around which it has built its business. Dubai-based Emirates sees threats across all markets from rivals spanning Norwegian Air Shuttle ASA to the Scoot unit of Singapore Airlines Ltd, Clark said Thursday in Berlin. The Gulf airline may also need to establish a short-haul fleet as Mideast nations, which it has struggled to serve, begin to open up, he said, while cautioning that the decision will be one for his successor. “The dynamic is changing in the Middle East with regard to access to new markets,” the executive said in Berlin, where travel industry executives have are gathered for the ITB tourism fair. “Our business model was set in the late 1980s, when access was denied to us by many places in the region.”"



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