Will Emirates be effect by Dubai meltdown?

[Andrew P]

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

[D Chan]

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!

[Brandon Giacomin]

Just saw on the news that EY might take over EK. So looks like there in trouble. Just a rumour though, nothing confirmed.

[Bernie P]

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!

[Mike W]

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?

[NickN]

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.