Oil at $105 to trigger Emirates' expansion

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Oil at $105 to trigger Emirates' expansion

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11th August 2008, 22:57

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broad sword

Join Date: Jul 2008

Location: dxb

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Oil at $105 to trigger Emirates' expansion

As oil prices inch down, Emirates is getting closer to its target of $105 a barrel – a level at which the airline plans to restart its expansion drive.

"If oil trades in that range and I hope it will, it will restart expansion of our network. We will add Durban, Algiers, Amsterdam, Kiev, Barcelona and Buenos Aires. We have hundreds of places we can go," President Tim Clark told Emirates Business.

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http://www.business24-7.ae/Articles/...7976ece64.aspx

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