BUSINESS

SpiceJet-Emirates signs MoU

SpiceJet

 

New Delhi: In what suggests a beginning of larger partnership, low-cost carrier SpiceJet has announced to enter into a code-share agreement with Dubai’s flag carrier Emirates. The development assumes significance as grounded Jet Airways’ resurrection seems difficult throwing opportunity for other carriers to grab. So far, SpiceJet has led the race of capturing the domestic market share by inducting dozens of Jet’s grounded B737 aircraft.

Abu Dhabi-based Etihad has 24 per cent strategic stake in now-grounded Jet Airways. Following the strategic investment, the two carriers significantly raised flight numbers on India-Abu Dhabi route and bolstered onward connect ions.  “SpiceJet, India’s favourite carrier, and Emirates have signed a Memorandum of Understanding (MoU) to enter into a reciprocal codeshare agreement, which is set to open new routes and destinations for passengers travelling between India and popular destinations across America, Europe, Africa and the Middle East,” the Gurugram-based carrier said in a statement. The airline Chairman and Managing Director Ajay Singh said that the MoU is part of the airline’s international expansion strategy. (IANS)

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