Interesting....
A spot check for flights from YYZ to BOM today on Amadeus.net shows, in price order, the following:
1. Etihad
2. British Airways
3. Lufthansa
4. Delta
5. Jet Airways
6. Air Canada
7. Air France
8. KLM
It's no surprise that Emirates gets no mention, as it is not flying from Toronto today.
There is quite a bit of competition on that one route and if you are on a budget, AC won't get a look in.
One the biggest hurdles is the Star Alliance. They would be fighting tooth and nail to keep EK out. I suspect that between them, the unions and AC, The middle east airlines don't stand a chance.
halas