The Dark(or at least opaque) side of Dubai
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The Dark(or at least opaque) side of Dubai
90 A380 wow!!!
Well Emirates is the only profitable business they have and they have to bet all they can on it...I would say gamble
Big proclama big plans but do they think the rest of world will just watch?
Sitting on 109 billion dollar debt (130% of GDP without considering 60 billion just estimated due to "opacity") for basically a single city is not bad..not at all...
It will take more or less 160 annual profits of EK.... to fix ther problem and the strong dollar will not help ..if not Abu Dhabi.
Dubai debt is fare more expensive to insure then the Greece or Iceland ones
Dubai is a financial bomb with no resources.
Emirates will go IPO.
Well Emirates is the only profitable business they have and they have to bet all they can on it...I would say gamble
Big proclama big plans but do they think the rest of world will just watch?
Sitting on 109 billion dollar debt (130% of GDP without considering 60 billion just estimated due to "opacity") for basically a single city is not bad..not at all...
It will take more or less 160 annual profits of EK.... to fix ther problem and the strong dollar will not help ..if not Abu Dhabi.
Dubai debt is fare more expensive to insure then the Greece or Iceland ones
Dubai is a financial bomb with no resources.
Emirates will go IPO.
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And now in English
Which bank will fund these purchases.
At what interest rate.
Have the bankers not been burnt enough yet.
Answers please. ???????????????
glf
At what interest rate.
Have the bankers not been burnt enough yet.
Answers please. ???????????????
glf
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I would think they would have no trouble obtaining finance for new a/c. As far as I know, large jet a/c increase in value for the first few years after they commence line flying, due to the "de-bugging" process that goes on. Also, the very nature of the asset involves it arriving every few days on the tarmac of a country under 'rule of law', thereby enabling repossession if required (as airlines who don't pay their bills regularly find out). Much less risk than loaning money to, say, EMAAR.
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Heard there may be a bit of profit in leasing aircraft?????
Been done before.
Tie up the production line and lease or sell.
My bet is that 90 A380's will NOT be operated by EK.
I'm sick of interesting times. . . . . . .
Been done before.
Tie up the production line and lease or sell.
My bet is that 90 A380's will NOT be operated by EK.
I'm sick of interesting times. . . . . . .
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Originally Posted by ennui
My bet is that 90 A380's will NOT be operated by EK.
I haven't yet seen EK order aircraft to lease out or sell on. They need the capacity - simple as that. Whatever we may think of our flight ops management I take my hat off to the commercial department. They bring in the business better than any other airline's operation - simple, but true....
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errrm...
-maybe if they were "operating" more than 10 of the original order of 58 placed....HOW long ago again? or;
-maybe if the thing could keep from going tech ever three minutes or;
-maybe if it didn't burn 60 odd tons more fuel than a B777 to carry 100 odd pax to JFK or;
-maybe maybe maybe...then it would be an impressive announcement. But hey...announcements are free...
-maybe if they were "operating" more than 10 of the original order of 58 placed....HOW long ago again? or;
-maybe if the thing could keep from going tech ever three minutes or;
-maybe if it didn't burn 60 odd tons more fuel than a B777 to carry 100 odd pax to JFK or;
-maybe maybe maybe...then it would be an impressive announcement. But hey...announcements are free...
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Flew to London with POB 540
in 3 classes.
in 3 classes.
I guess that doesn't matter, as the revenue is higher.
Might be true, but it still uses more fuel per capita.
More cash maybe, but more ecological, as boasted?? - > not!
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Love to have ALL the subcontinental and "Arabia" night turns given away to the "A" team
LOL
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A380 driver is partly right
Although the A380 might only rarely achieve a successful departure, once it passes that hurdle it has the advantage of being able to continue to it's destination even with a cargo fire warning.
You may contrast that with the antiquated and unsophisticated 430-seat airplane that I fly for Emirates. We would be required to land in that case.
You may contrast that with the antiquated and unsophisticated 430-seat airplane that I fly for Emirates. We would be required to land in that case.
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You're absolutely right A380...as dropp quite rightly mentioned, we take emergencies seriously on the 777 (probably because they don't come along very often), and tend to land and sort it out.
Cargo fires, engine failures, babies crying 2 feet from your ear when resting(?) in the CRC..experiencing that sort of stuff would rather be on the ground!
Cargo fires, engine failures, babies crying 2 feet from your ear when resting(?) in the CRC..experiencing that sort of stuff would rather be on the ground!
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You know what you guys who are yapping on and on about how much better the plane you are flying is over the plane another person is flying should do????
YouTube - shut up shuttin up
YouTube - shut up shuttin up
Last edited by EFC 3 DAYS; 13th Jun 2010 at 11:03.
