(MENAFN) Emirates airline's President, Tim Clark, stated that the company inked a 10-year partnership agreement with Qantas Airways Ltd., allowing the Aussie company to become the only carrier besides Emirates to operate out of its base at Dubai International Airport's Terminal 3, reported AP.
Clark said that together, the two carriers will run 98 weekly flights between Dubai and Australia, including 4 A380 flights per day.
He added that Australia became one of Emirates' network's top three destinations, due to the large numbers of leisure and business travelers going to the country.
On the other hand, Qantas' CEO, Alan Joyce, said that the deal, which is expected to enhance the company's international segment, will end a 17-year alliance with British Airways.
He noted that according to the deal terms, the carrier will transfer its hub for European flights to Dubai from Singapore, coordinate with the Arab airline on ticket prices and scheduling and apply a benefit-sharing model beginning in next year's April.
It is worth noting that under the terms of the deal, which will still need to get the regulatory approval, the two carriers will not take equity in each other.