Tuesday, 31 March 2020

Dubai promises state support, new funding for Emirates airline

                               
Emirates’ outstation airport teams from London Stansted devotedly sent off their last passenger flights before the suspension took effect.  Photo Emirates.
                                              The Government of Dubai is committed to fully supporting the national carrier Emirates at this critical time and will inject equity into the company, the crown prince Sheikh Hamdan bin Mohammed al-Maktoum confirmed on Tuesday.

"The Government of Dubai is committed to fully supporting Emirates at this critical time and will inject equity into the company,” he wrote on Twitter. "Emirates, our national carrier, positioned Dubai as a global travel hub and has great strategic value as one of the main pillars of Dubai’s economy, as well as the wider economy of the UAE (United Arab Emirates),” he added.

Emirates, like many airlines around the world, has suspended all normal passenger operations due to the downturn in business and the government introduced travel bans, lockdowns and airspace closures as the coronavirus COVID-19 crisis continues.  

Emirates is a state-owned company, started in 1985 with just two aircraft and now employes more than 63,500 employees from over 170 countries and operates to 159 destinations with a fleet of some 270 aircraft - including the world largest fleets of Airbus A380s and Boeing 777s.

The government in Dubai will announce further details regarding how and when the injection of equity would take place and any further measures required. 


Emirates’ outstation airport teams from Seoul devotedly sent off their last passenger flights before the suspension took effect..  Photo Emirates


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