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FINANCIAL NEWS
Emirates will reduce airfare to increase occupancy
03 Jul 2011
(MENAFN) Emirates’ President, Tim Clark, said that the carrier would reduce air fare in order to increase passenger occupancy that was badly affected by the increasing oil prices, reported Emirates 24/7.
Clark added that the airline would not reduce its aircraft orders and will meet demand by globalization and growth in emerging markets; moreover, it boosted its orders to 90 planes last June and it would order more.
He also said that the carrier would trim fares on the 500-seat Airbus A380 aircraft to boost occupancy.
It is worth noting that in June, Emirates signed a letter of intent with General Electric to oversee design and construction of an estimated USD120 million engine repair facility in Dubai.
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