How are they financing all the new jets?
Bit of thread creep,sorry! From what I understand the company has built
up a cash reserve of about 4 Billion USD over the years, so out of that thay pay the order deposit and then sell the aircraft to international banks and lnvestmentgroups and lease them back in. Some interesting owners on the registration plates in the cockpit. I think we only own about 4 aircraft outright.
This turns out to be a win win situation as Dubai is tax free, Emirates don't have the ability to right off tax against depretciation(spelling) on there balance sheet but the owners do in there countries.
Note that the above is all speculation on observations.