PPRuNe Forums - View Single Post - Where is the money going? Take a look in Suffolk....
Old 9th Jul 2009, 12:48
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pia pium
 
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The reason the airline is struggling a bit and appears to be so low on cash is because the Dubai Government have been around the town getting its hands on as much money as possible (it is a government airline is it not). You don't offer the public government bonds (as the purchaser in effect is loaning the government money) when you have piles of cash sitting in your own government companies.

I seem to recall Saddam had his own palaces and poured his peoples money into his own personal ventures. Mind you, isn't Dubai a monarchy now anyway (future "royalty" on boards all over the city), so as royals I guess they should spend the peoples money and buy big houses in the UK. Well thats what the UK population does, pays for the Royals and keeps them all in the big fancy houses. Only makes me wonder why dear old Liz doesn't want to return the gesture by mixing with other royals and buy a fancy pad on the palm. Mind you, the last time British Royalty mixed in the Muslim circles, it ended in a car crash in Paris and I am sure the roads of Dubai are a worse risk even without the papparazi (if it was!) forcing you off the road.
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