Lufthansa shrugs off aviation slump, sees long-term India story
Despite a dismal backdrop in the aviation industry, Germany’s Lufthansa group sees pink prospects ahead. Chairman and chief executive officer of Lufthansa Wolfgang Mayrhuber sees all group airlines operating in India expanding in 2010 and beyond.india Updated: Jan 27, 2010 20:36 IST
Despite a dismal backdrop in the aviation industry, Germany’s Lufthansa group sees pink prospects ahead. Chairman and chief executive officer of Lufthansa Wolfgang Mayrhuber sees all group airlines operating in India expanding in 2010 and beyond.
“India has become a core market for us where we expect sustained long-term growth”, Mayrhuber said at a function during an Indian visit.
“India’s rising demand for international connectivity is driven by high and sustained economic growth, encouraging infrastructure developments and the transformation of many companies here into competitive global players”, Mayrhuber said.
“We now see encouraging signs of demand revival on our India routes,” Mayrhuber said, adding “the price sensitivity remains, however, and this needs to be managed.”
India is the second largest intercontinental market for Lufthansa, with only the US having more long haul destinations. “India is one of the fastest growing economies and one of the world’s leading aviation markets,” he said.
“We are very happy, that over the last 50 years Lufthansa has gained such a strong position here and forged firm ties with Indian partners, foremost with our long-lasting partner Air India as well as with our frequent-flyer partner Jet Airways,” he said.
Lufthansa was among the few airlines that overcame last year’s downturn in the aviation industry by adjusting capacities without withdrawing from the Indian markets.
Lufthansa and its affiliates Swiss International Air Lines and Austrian Airlines link India with 67 weekly frequencies to hubs in Frankfurt, Munich, Zurich and Vienna — more than any other European carrier.