EK's Tim Clark at IATA Beijing

Old Jun 10, 12, 10:47 pm
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EK's Tim Clark at IATA Beijing

Not a bad video interview with El Presidente. Only runs 5-mins
http://www.businessweek.com/news/201...take-18-months

Thank goodness he re-iterated that EK would not go down the alliance path. All this talk of getting into bed with Qantas is making me nervous...
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Old Jun 11, 12, 4:57 am
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Originally Posted by eightblack View Post
Not a bad video interview with El Presidente. Only runs 5-mins
http://www.businessweek.com/news/201...take-18-months

All this talk of getting into bed with Qantas is making me nervous...
me too
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Old Jun 11, 12, 5:59 am
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More from Bloomberg/Tim Clark at IATA.

http://www.bloomberg.com/news/2012-0...-correct-.html

Interesting is that all this years A380 deliveries will have wing crack issues and may need the 8 week repair.
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Old Jun 11, 12, 8:45 am
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Seems a bit odd that Emirates isn't seeking compensation for the cracks, according to the article of course. Maybe Airbus sweetened the deal by giving away an airplane or two to Emirates.... given it cost Emirates over $90 million for the first few weeks, never mind what it'll cost them over the next two years whilst the airplanes are having to be pulled out of service time and time again....

Emirates knows what they're doing with Qantas, my guess is going to have some strategic code-shares set up with the domestic side of operations, I doubt very much will come out of this. Its probably just to do with Etihad's close relationship with Virgin Australia (which comes from the CEOs of both airlines having done business with each other long before), and how Emirates should strengthen its business in Australia.
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Old Jun 11, 12, 1:04 pm
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It wasn't that long ago that Emirates were selling tickets on Virgin Australia (then Virgin Blue) as a Visit Australia pass.

Now EY has jumped in to bed with Virgin. EK is seeking to gain a relationship with QF to enable codesharing and selling of QF seats to EK passengers. I don't think QF will gain a lot out of this, but it may be a longer term strategy to deal with the threat of the renewed, re-launched Virgin Australia. A price war is about to erupt between the two here, Qantas is going to flood the golden triangle (BNE, SYD, MEL) with seats. This could just be about getting every possible passenger on a QF aircraft, regardless of what it does to QF international - right now domestic is very profitable, international very unprofitable. Qantas desperately needs to protect it's domestic arm.

However it does provide an interesting cross-story to the constant rumbling of Qatar's possible entry in to oneworld. I doubt QF will align themselves too strongly with EK, oneworld provide not insignificant numbers to their domestic mainline operations. There is a story going around that BA/IB will partner with Etihad, thus creating a huge rift in oneworld, but I don't see it. EY, for me, is weak. Qatar in oneworld provides good options for Qantas going forward, especially as QR only has one daily flight from Australia at the moment (MEL-DOH) and a second soon to be launched (PER-DOH).

Last edited by Must...Fly!; Jun 11, 12 at 1:11 pm
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Old Jun 12, 12, 1:02 am
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Originally Posted by eightblack View Post
Thank goodness he re-iterated that EK would not go down the alliance path. All this talk of getting into bed with Qantas is making me nervous...
A little bit more from Tim Clark today.

THE head of global aviation powerhouse Emirates has confirmed the airline has reached out to Qantas Airways about a commercial partnership.
This comes as Qantas has confirmed a media report which said the airline had appointed Macquarie Group and set up an internal taskforce to monitor potential takeover attempts from other parties.

The airline had also engaged Citigroup to keep an eye on Qantas's share register.

Qantas's recent share price declines had raised the prospect of the airline being targeted by private equity or other parties for a takeover.

Qantas shares last week dropped to an all-time low of 97 cents in response to a shock profit downgrade, but have since rebounded to well above $1.

Speaking on the condition of anonymity, a senior Qantas official said the airline feared any full takeover would result in a breakup of the its different businesses, while any investor taking a partial stake may be a destabilising force as the airline tried to negotiate a difficult operating environment.

Emirates president Tim Clark he was not interested in buying into the Flying Kangaroo, but was open to working with Qantas to try to expand the Dubai-headquartered carrier's network in Oceania.

"Emirates is a wholly organic animal," Mr Clark said.

"We are not an M and A (merger and acquisition) vehicle, we don't really get involved in that."

Emirates currently flies to Sydney, Melbourne, Brisbane and Perth, as well as onwards from Australia to New Zealand.

Mr Clark said he had made some initial approaches to Qantas regarding a code sharing arrangement in Oceania, an area that Emirates had "not really touched".

Any partnership would be similar to Emirates' code shares with US-based JetBlue or Jet Airways in India, where its EK airline code is placed on other airlines' flights.

"Let's say we've put feelers out," Mr Clark said during a media briefing on the sidelines of the International Air Transport Association (IATA) annual general meeting in Beijing today.

"We are looking at over the next five or 10 years, at how do we improve the value proposition in the markets that we are serving."

Emirates currently flies about 70 flights a week into and out of Australia, which was approaching the 84 a week permitted under the bilateral agreement between the Australian and United Arab Emirates' governments.

Mr Clark said Emirates would approach the Government for more landing rights into Australia only once the airline reached the limit.

"Our flights are doing very well, it remains, for a market size of 22 million people, to have over 70 widebody frequencies into Australia is amazing," Mr Clark said.

"It clearly demonstrates the strength of the whole of that Oceanic region that other European carrier have obviously not valued in the past."
http://www.news.com.au/business/comp...#ixzz1xYldaGAy
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