Jet 2
Jet 2.
credit ratings have dropped massively as a consequence of this move. And this + the distrust in any Gulf company will impact EK big big time.
The puppets of Dubai stuffed the western banks this week(and there's gone be many who will bite the dust, some experts already see some parallels with the 08 banking crisis).
The thrust of the western financial world in Dubai is shocked after yesterday's revelation and it will take lots of time to correct this. In the mean time what has Dubai on offer? Right : just 1 airline and a few hotels and a government which scares away tourists and business. That's it! Good luck them. Quite different than your comparison with the US and GM I would think.
I ll join you on the beach. Could be the only thing to do in a few months time while we are on unemployment insurance. Hang on...I guess not.