Selloff or Market Correction? Either Way, Here's What to Do NextSee Overvalued Stocks

Lufthansa seeks more code-share agreements with airlines in India

Published 09/27/2019, 09:59 AM
Updated 09/27/2019, 10:02 AM
© Reuters.  Lufthansa seeks more code-share agreements with airlines in India
LHAG
-
SIAL
-
JET
-

By Aditi Shah

NEW DELHI (Reuters) - Lufthansa (DE:LHAG) is seeking more airlines to partner with in India for code-sharing agreements to expand its presence in the country, a senior company executive told Reuters on Friday.

Lufthansa is focusing on growing its network in India in part because of the grounding of the country's biggest private carrier Jet Airways (NS:JET) which stopped flying in April after running out of cash.

The German airline, which already has a code-share agreement with state-run carrier Air India, has an interline agreement with Vistara, a full service carrier owned by the Tata Group and Singapore Airlines (SI:SIAL), which it is keen to expand, Alain Chisari, vice president, Asia Pacific, Lufthansa Group, said.

"Vistara fits really well with our product portfolio because they've got the premium proposition as well. We are looking forward to expanding the relationship with Vistara but also other partners," he said in an interview in New Delhi.

Airlines with interline agreements share things such as check-in and baggage handling, while code shares allow airlines to market flights to each others customers.

Chisari declined to comment on whether Lufthansa is in talks with Vistara for a code-share agreement.  

The German group is encouraged by the growth in passenger numbers flying to international destinations from India. India's outbound passenger number grew to 25.5 million a year in 2018 from 18.4 million in 2015.

"The growth, the potential, the economy, the distribution of purchasing power is so promising for us," said Chisari, adding that he would also like to bring other group carriers like Austrian Airlines and Brussels Airlines to India.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.