AME QUESTION PAPER
  • Home
  • AME
    • DGCA QUESTION PAPER & NOTES
    • MOCK TEST
    • AME REFERENCE BOOKS
    • EASA QUESTION PAPER & NOTES
  • RTR
  • Jobs
  • News
    1.08 crore domestic passengers travelled in April, around 2 pc more than March: DGCA

    1.08 crore domestic passengers travelled in April, around 2 pc more than March: DGCA

    Jet Airways secures flying permit, says will gatecrash aviation party with Akasa air

    Jet Airways secures flying permit, says will gatecrash aviation party with Akasa air

    SpiceJet flights temporarily grounded at Delhi International Airport due to a delay in AAI’s daily payment

    SpiceJet flights temporarily grounded at Delhi International Airport due to a delay in AAI’s daily payment

    Noida airport: Rs 10 lakh per day fine if delayed, says UP minister

    Noida airport: Rs 10 lakh per day fine if delayed, says UP minister

    BLADE launches chopper services in Goa

    BLADE launches chopper services in Goa

    Airlines’ three in-flight engine shutdowns spark probe in India

    Airlines’ three in-flight engine shutdowns spark probe in India

    Vistara announces direct flights to Coimbatore from three metro cities

    Vistara announces direct flights to Coimbatore from three metro cities

    Air India A320neo plane makes emergency landing at Mumbai airport after engine shuts down

    Air India A320neo plane makes emergency landing at Mumbai airport after engine shuts down

    Jet Airways 2.0 gets airline licence; to resume flights by September

    Jet Airways 2.0 gets airline licence; to resume flights by September

  • Blogs
  • Login
  • Register
No Result
View All Result
  • Home
  • AME
    • DGCA QUESTION PAPER & NOTES
    • MOCK TEST
    • AME REFERENCE BOOKS
    • EASA QUESTION PAPER & NOTES
  • RTR
  • Jobs
  • News
    1.08 crore domestic passengers travelled in April, around 2 pc more than March: DGCA

    1.08 crore domestic passengers travelled in April, around 2 pc more than March: DGCA

    Jet Airways secures flying permit, says will gatecrash aviation party with Akasa air

    Jet Airways secures flying permit, says will gatecrash aviation party with Akasa air

    SpiceJet flights temporarily grounded at Delhi International Airport due to a delay in AAI’s daily payment

    SpiceJet flights temporarily grounded at Delhi International Airport due to a delay in AAI’s daily payment

    Noida airport: Rs 10 lakh per day fine if delayed, says UP minister

    Noida airport: Rs 10 lakh per day fine if delayed, says UP minister

    BLADE launches chopper services in Goa

    BLADE launches chopper services in Goa

    Airlines’ three in-flight engine shutdowns spark probe in India

    Airlines’ three in-flight engine shutdowns spark probe in India

    Vistara announces direct flights to Coimbatore from three metro cities

    Vistara announces direct flights to Coimbatore from three metro cities

    Air India A320neo plane makes emergency landing at Mumbai airport after engine shuts down

    Air India A320neo plane makes emergency landing at Mumbai airport after engine shuts down

    Jet Airways 2.0 gets airline licence; to resume flights by September

    Jet Airways 2.0 gets airline licence; to resume flights by September

  • Blogs
No Result
View All Result
AME QUESTION PAPER
  • Home
  • AME
  • RTR
  • Jobs
  • News
  • Blogs
Home NEWS

Emirates to start paying back Dubai for its $4 billion lifeline

AsitbyAsit
May 11, 2022
in NEWS
94
VIEWS

Long-haul carrier Emirates plans to use projected profits from this fiscal year to pay back the Dubai government some of the nearly $4 billion it pumped into the beleaguered airline during the height of the coronavirus pandemic, its chairman said Tuesday.

Emirates’ CEO and chairman Sheikh Ahmed bin Saeed Al Maktoum said the Dubai-based airline expects to see profits this year and will use those earnings to pay back its shareholder, the government.

He was speaking to reporters in Dubai at the Arabian Travel Market trade show. It saw two sprawling convention center halls packed with pavilions and stands by major hotel brands, airlines and tourism authorities. They came from as far as Jamaica and Japan in another sign of how travel is picking back up.

It was an equity to the company and this is why I am saying that as of next year we will be paying all that money … over the period of time, he said, stating that the payment will be made through dividends from the current 2022-2023 fiscal year. He refrained from stating how much the airline will be able to immediately pay back all at once.

Sheikh Ahmed said US airlines that have complained for years about unequal competition from Mideast carriers accused of being subsidized by their oil-rich Gulf governments also turned to the government to request bailout assistance during the pandemic. They were complaining about us being subsidized, he said.

We know that all the major top airlines … they went to their government, they were in Europe, in America, they were in the far East. Emirates’ success is seen as integral to the health of Dubai’s economy, which relies heavily on tourism, investment and real estate.

After a brief nationwide shutdown of all commercial flights to the United Arab Emirates in 2020, Dubai quickly flung open its doors to tourists and eliminated quarantine upon arrival. The carrier’s hub is Dubai International Airport, which is the world’s busiest for international travel.

The airline last year posted a net loss of $5.5 billion as revenue fell by more than 66 percent due to global travel restrictions sparked by the coronavirus pandemic. It marked the first time in more than three decades that the Dubai-based airline’s parent group has not churned out a profit, underscoring just how dramatic an impact COVID-19 has had on the aviation industry.

Sheikh Ahmed said the airline, which is among Dubai’s biggest employers, is operating at about 80 percent of its staffing levels as compared to before the pandemic.

 

 

 

Related Posts

1.08 crore domestic passengers travelled in April, around 2 pc more than March: DGCA
NEWS

1.08 crore domestic passengers travelled in April, around 2 pc more than March: DGCA

May 21, 2022
Jet Airways secures flying permit, says will gatecrash aviation party with Akasa air
NEWS

Jet Airways secures flying permit, says will gatecrash aviation party with Akasa air

May 21, 2022
SpiceJet flights temporarily grounded at Delhi International Airport due to a delay in AAI’s daily payment
NEWS

SpiceJet flights temporarily grounded at Delhi International Airport due to a delay in AAI’s daily payment

May 21, 2022
Noida airport: Rs 10 lakh per day fine if delayed, says UP minister
NEWS

Noida airport: Rs 10 lakh per day fine if delayed, says UP minister

May 21, 2022
Load More

Website Total Visitor

389256

Connect with us Social Media

Instagram Telegram Facebook-f Linkedin Twitter

Copyright 2017-2022 © All rights Reserved. Design by AME QUESTION PAPER ❤

No Result
View All Result
  • Home
  • AME
    • DGCA QUESTION PAPER & NOTES
    • MOCK TEST
    • AME REFERENCE BOOKS
    • EASA QUESTION PAPER & NOTES
  • RTR
  • Jobs
  • News
  • Blogs
  • Login
  • Sign Up

Copyright 2017-2022 © All rights Reserved. Design by AME QUESTION PAPER ❤

Welcome Back!

Sign In with Google
OR

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Sign Up with Google
OR

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In