UAE Carriers face financial turbulence
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Join Date: Mar 2008
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Join Date: Mar 2000
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This was done many years ago with SQ, and the howls of complaint could be head from afar.
However, SQ had (and has, now) a very good credit rating.
Somehow...EK/EY and especially GF will have a slight problem.
Bahrain and Dubai are deeply in debt, and this is not likely to change anytime soon.
At all three aforementioned carriers, look for salaries to be kept firmly in check, with the excuse...'we can't afford more'.
However, SQ had (and has, now) a very good credit rating.
Somehow...EK/EY and especially GF will have a slight problem.
Bahrain and Dubai are deeply in debt, and this is not likely to change anytime soon.
At all three aforementioned carriers, look for salaries to be kept firmly in check, with the excuse...'we can't afford more'.
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I guess when you are successful, people try harder to bring you down.
This really make me wonder, is the aviation industry is one of the most riskiest business to be involved in?!!!
I also wonder do airlines truly do make tangible profits? or its all on paper!!!!!
Seriously i just hope for the good to all.
This really make me wonder, is the aviation industry is one of the most riskiest business to be involved in?!!!
I also wonder do airlines truly do make tangible profits? or its all on paper!!!!!
Seriously i just hope for the good to all.
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Jealousy or just a reaction to the UAE airlines having an unfair advantage due to the support from their governments in low tax/no tax operating environments?
