#1
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Will Emirates be effect by Dubai meltdown?
Dubai debt doubts come out of the blue
wonder if this will have an add-on effect onto Emirates, as its finances are very much intermingled with the Dubai Government time will tell
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used to fly globally on business, now retired |
#2
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should have some effects. how much is another question!
for a start, explat leaving, credit rating dropping resulting in issues in financing aircraft purchases etc. will inevitably play a part. The future for Abu Dhabi looks brighter than ever! |
#4
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I wonder if it is the WHOLE Middle East??
Only reason I ask this is I had accepted a position in Qatar, and was waiting on my visa being issued any day! On Wednesday, I had a phone call saying that they are NO LONGER proceeding with the position! I had already invested a lot of time (and money woth solicitors winding up my late wife's estate quicker than I wanted...) in preparing, so I just wonder if there is more to come on this story! Last edited by Bernie P; 28th November 2009 at 10:08 AM. Reason: additional info... |
#5
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Apparenty Dubai Inc are $60b in debt and Emirates alone have $30b in pending orders There is talk of EK postponing orders. Airbus in particular have a bucketload of risk here. What is that about lots of eggs and limited baskets?
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#6
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The writing has been on the wall for a while regarding Dubai's debt, and the exodus of foreign workers.
I do hope it won't affect EK too much. |
#7
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will Emirates be effect by Dubai meltdown?
You'd better believe it!
http://www.flightglobal.com/articles...late-2010.html Emirates in A380 delivery hiatus from late 2010 Quote:
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#8
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Emirates airline could be put up as debt collateral
http://www.etravelblackboard.com/sho...e.asp?id=99976
Quote:
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used to fly globally on business, now retired |
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