Goodbye Dubai: World's Worst Business Idea
Join Date: Apr 2001
Location: Adrift upon the tides of fate
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Abu Dhabi the "white knight"
As posted elsewhere on this forum, AD bailed the Dubai govt out to the tune of $10 Billion on 23rd Feb. The reuters article points out that clearly AD will have to continue to support the neighbours, lest they lose that money. If they were going to let them sink, they would've done so without putting any of their own cash in. What price they will extract for that support- methinks they will want more than 4% (the bond yield)??
10 BILLION DOLLARS buys lots of leverage when talking about airline mergers, etc.
10 BILLION DOLLARS buys lots of leverage when talking about airline mergers, etc.
Join Date: Jun 2006
Location: Dunesville
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I agree that if EK hits the wall the door through it will be provided by our neighbours.
It is a question of national pride and ego but a 'strategic alliance' makes sense in many ways.
The plan to link Jebel Ali Apt in both directions by the metro-rail system is an indication that some sort of cooperation is already taking place. The airport itself has the land to expand well beyond the next few decades. It could be the UAEs international hub but there are other factors not least Qatar and Gulf Air who do have significant political influence on any decision especially as far as AUH is concerned.
Whilst it may make sense to many to merge, sense and the ME have seldom coexisted...
It is a question of national pride and ego but a 'strategic alliance' makes sense in many ways.
The plan to link Jebel Ali Apt in both directions by the metro-rail system is an indication that some sort of cooperation is already taking place. The airport itself has the land to expand well beyond the next few decades. It could be the UAEs international hub but there are other factors not least Qatar and Gulf Air who do have significant political influence on any decision especially as far as AUH is concerned.
Whilst it may make sense to many to merge, sense and the ME have seldom coexisted...
Join Date: Apr 2007
Location: Everywhere
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Bahrain is a "Number ONE" place for Saudi "tourists", and Qatar is in general just a circus. They have nothing to say in UAE.
Dont you think Gulf Traveler would be still in AUH if Gulf Air (Bahrain) had so much to say...
Dont you think Gulf Traveler would be still in AUH if Gulf Air (Bahrain) had so much to say...
