Just look at Europe and see how interwoven their system is
Are you seriously trying to equate the UAE with Europe?
for the exact same reason Abu Dhabi can't let Dubai go down the drain.
What reason is that, exactly? I'd say Abu Dhabi
can let Dubai go "down the drain", whatever that means. Dubai having to announce publicly that it couldn't pay it's debts
effectivelymeant it was down the drain. The 'rescue funds' from Abu Dhabi merely allowed an orderly restructuring (read; bankruptcy procedure on a "state scale") of debts. What do you think the cousins stood to gain with accepting Dubai paper to the tune of 10 BILLION dollars? Dubai gained TIME, but they OWE AD THAT MONEY. Is that totally lost on you? Subsequently, the order went out to "send all income to the govt". What do you think that is for? If all the money EK makes is heading into the AD coffers, who do you think owns the airline- even if it is in a defacto fashion?
Not even pride would lead to such stupid behavior
Are you kidding me? You don't see any evidence of stupid behavior here? Especially wrt money?
I'm with you, Wiz. The capital requirements make an IPO inevitable.
If your presumption would be true, one company would vanish quite rapidly.
Perhaps the access issue is the only thing having prevented that already?