Originally Posted by
Fired600
Sorry, how much money did EK get from the UAE government….DXB inc?
Google „Reuters Emirates Airlines Bailout“
Sorry I cannot post the link for some reason
main context:
- Dubai government injected $3.1 bln into Emirates
- State-owned airline reports loss of $5.5 bln
- Passenger numbers lowest in 20 years
DUBAI, June 15 (Reuters) - Emirates got an additional $1.1 billion in state support from Dubai after a collapse in long-haul travel due to the coronavirus pandemic triggered the airline's first annual loss in more than three decades.
Governments have pumped billions of dollars into airlines to keep them afloat during the pandemic and state-owned Emirates has now received $3.1 billion in equity injections from Dubai, including $2 billion disclosed last year.“