Gulf carrier Emirates has expressed disappointment over the quantum of hike in bilateral air traffic rights between India and Dubai and urged the Indian government to grant it more access. “We have been given limited access in the last six years. The 11,000 seats that have been increased are just not enough. We had asked for some 30,000 seats to fulfil our requirements,” Adnan Kazim, Emirates divisional senior VP, said at the India Aviation show in Hyderabad today.
Global airlines body IATA today projected lower profits for carriers in the Asia-Pacific region, saying “turmoil” in foreign exchange markets in India had affected growth prospects for the aviation industry. The IATA said the profits of airlines in this region in 2014 would be “$400 million less than the previous projection”. Airlines are expected to post profits of $3.7 billion.
Air India claim
Ashok Kumar, joint secretary of civil aviation, said the government was working on a compensation package that it would claim from Boeing for the financial losses suffered by Air India on account of frequent glitches in the Dreamliner but ruled out any rethink on deliveries.