They knew bl@@dy well that if one of them goes down, the other will follow suit, too interwoven
are the systems
What utter garbage. Abu Dhabi has the largest sovereign fund in the world (or near enough to). Dubai has a sea of debt they are offering 30 cents on the dollar to their desperate creditors.
You seem to be trying to spin this as 'Dubai is the big player, and Abu Dhabi is the pretender!' Who do you think you are kidding?
This smells MUCH MORE like Airbus realising that Dubai could drag
it down. They have no choice but to back EK. In for a penny...
I'd be interested in Abu Dhabi (as the de-facto owners of EK via Dubai Inc debt) how the dividend payments are going to be maintained with such a large capital requirement- or is that the game? IPO, anyone?