Gulf-based airlines are taking advantage of their strategic locations to build networks that span the globe, putting their nations at the centre of international travel and commerce and diversifying their economies by boosting income from related industries like logistics, tourism and retail.
Investments in airports and aircraft have allowed Gulf countries to build airlines that are rapidly emerging as the dominant force in the aviation industry. International passenger growth this year to August, in the region, is up by close to 17 per cent, while cargo is up 14 per cent — well ahead of comparable global figures.
In one of the more memorable comments on Etihad Airways signing a codeshare deal with Air France-KLM, aviation analyst, Ander Charlton, said: “European airlines have long regarded Gulf carriers as a threat; today they have conceded defeat.” Qatar Airways is said to be considering joining the Oneworld alliance, with British Airways and American Airlines.
And, having established themselves in the more mature markets, Middle East carriers are setting themselves up to benefit from expected growth in emerging economies in Asia, South America and Africa. Etihad is reportedly entering into a codeshare deal with Indonesian airline Garuda, while Emirates has signed a partnership with Qantas, which will make Dubai the hub for the Australian airline’s European flights, among other benefits. Middle East carriers are expected to invest another $200 billion (Dh735.6 billion) in the next ten years. The future is still looking up for Middle East carriers.
