Long-haul carrier Emirates expands to 29 FlyDubai routes

FeaturesAssociated Press

Dubai's long-haul carrier Emirates says it will now expand its network into 29 locations flown to by budget carrier FlyDubai as part of a codeshare deal.

Emirates said in a statement on Monday that the codeshare agreement will see trips begin on Oct. 29. Flyers can book trips beginning Tuesday.

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The two airlines operate independently, but are owned by the same entity, the Investment Corporation of Dubai. That's a state-owned sovereign wealth fund of the sheikhdom in the United Arab Emirates.

The new agreement comes as Emirates' profits fell by more than 80 percent to $340 million in the last fiscal year due in part to a slump in demand and U.S. travel restrictions.