S'PORE LOOKS TO BENEFITS IN QANTAS-EMIRATES DEAL
Canberra,Australia - Singapore's Trade Minister Lim Hng Kiang on Monday acknowledged the city-state would be impacted by Qantas's tie-up with Emirates but said the air hub was looking to growth in Asia travel.
The Australian carrier's alliance with Emirates comes amid a bid to stem huge losses in its international business and will see Qantas shift its hub for European flights from Singapore to Dubai.
Mr Lim said the state would work closely with Qantas which is set to terminate flights in Singapore and redeploy them within the bustling region where middle classes are set to boom.
"This is obviously a commercial decision, and Qantas moving its hub from Singapore to the Middle East will of course have some impact on us," Mr Lim said during a visit to Australia.
"But at the same time there are air slots that Qantas can use, and the air traffic in Southeast Asia is growing, so we look forward to Qantas using those air slots to service.
10/09/2012 : The Business Times.
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