Gulf Arab airlines have teamed up to establish hotels and airline services in India in a bid to increase their share of the lucrative Indian market.
The Manama-based regional carrier Gulf Air, the Dubai-based Emirates and Kuwait Airways Corporation have joined the Indian Taj hotel chain to establish a $43 million hotel next to Bombay international airport. The three airlines will take a 70 per cent stake in the five-star, 350- room hotel, Reuters quotes aviation officials in Dubai as saying.
The three airlines, with Saudi Arabian national carrier Saudia, have also taken a 70 per cent stake in a catering project, again with the Taj group, to build an in-flight kitchen at Bombay airport. The project is due to be completed in 18 months.
A MEED Subscription...
Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.