World Economy

Gulf Airlines Rein Ending

Gulf Airlines Rein EndingGulf Airlines Rein Ending

Lufthansa believes the rapid growth phase of Persian Gulf Arab airlines is coming to end, which could help to ease some of the pressure in a highly competitive industry, its chief executive said on Wednesday, Reuters reported. Speaking after signing catering and maintenance deals with Abu Dhabi-based Etihad, Lufthansa CEO Carsten Spohr said there were signs Persian Gulf Arab rivals were reaching the limits of their recent growth. Lufthansa has long been critical of the rapid growth of the Arab carriers, which include Emirates and Qatar Airways as well as Etihad, saying the fact they are state backed creates an unfair playing field.

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