PPRuNe Forums - View Single Post - Emirates - New Conditions
View Single Post
Old 25th January 2007 | 12:52
  #141 (permalink)  
uplock
 
Joined: Jan 2005
Posts: 229
Likes: 0
From: Dubai
Devil Show me the Money

Mr Edd's argument is hard to follow as in the Paper every one trusts and has to readThe Gulf news Business section today has this article
Seems EK have 3 Billion $$ Green ones lying around...
The carrier is seeking compensation from Airbus to make up for the revenue lost through the delays.
"We won't be modest in our demands," Flanagan said. "When we get our first A380 we should have had 18, a huge hit on the airline and on its revenue producing capability."
Emirates has a cash balance of $3 billion at the moment so doesn't need to borrow to finance fleet expansion. In April at the end of its financial year, the airline will announce profits higher than last year's, Flanagan said, declining to be specific.
So there you have it from the man in the know Mr Flanagan says EK will announce profits higher than last years.....

Last edited by uplock; 25th January 2007 at 12:55. Reason: add Footnote
uplock is offline  
Reply