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Old 14th Jan 2005, 21:38
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VeniVidiVici
 
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I wonder what impact the Tsunami fever will have on the Dubai Economics 5 years hence. I mean the real estate market etc. and the permission for Expats to invest in property....most of which is by the shoreline and some expensive bits are well out into the water. I heard a swell last Tuesday caused some panic in Dubai and Ajman. As Emirates' success depends on the attraction ( artificially created ) of Dubai and vice versa, IMHO EK will not be as profitable or viable a couple of years hence, more so with some tough competition on account of Etihad and Qatar Airways. In such a scenario, obviously EK employees will have to feel the pinch as the management will be forced to cut costs in order for the company to remain viable. This may compel present flight deck and other employees to reconsider options and we may well see more movement out of EK.

Last edited by VeniVidiVici; 14th Jan 2005 at 22:58.
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