View Full Version : UAE Carriers face financial turbulence
777boyindubai
26th Dec 2010, 10:57
UAE carriers face financing turbulence - The National (http://www.thenational.ae/business/aviation/uae-carriers-face-financing-turbulence)
This was done many years ago with SQ, and the howls of complaint could be head from afar.
However, SQ had (and has, now) a very good credit rating.
Somehow...EK/EY and especially GF will have a slight problem.
Bahrain and Dubai are deeply in debt, and this is not likely to change anytime soon.
At all three aforementioned carriers, look for salaries to be kept firmly in check, with the excuse...'we can't afford more'.
nibraska
26th Dec 2010, 12:38
I guess when you are successful, people try harder to bring you down.
This really make me wonder, is the aviation industry is one of the most riskiest business to be involved in?!!!
I also wonder do airlines truly do make tangible profits? or its all on paper!!!!!
Seriously i just hope for the good to all.
CRUIZE
27th Dec 2010, 21:29
Its Called Jelousy
moggiee
28th Dec 2010, 07:53
Jealousy or just a reaction to the UAE airlines having an unfair advantage due to the support from their governments in low tax/no tax operating environments?
Jealousy or just a reaction to the UAE airlines having an unfair advantage due to the support from their governments in low tax/no tax operating environments?
:ugh::ugh::ugh::ugh::ugh::=:=:=:=:=:yuk::yuk::yuk: