Emirates, the biggest international airline by passenger traffic, will idle 10 percent of its fleet for almost three months, crimping sales, as runway repairs curtail capacity at its Dubai International hub.
Pumping his fist into the Paris air, Sheikh Abdullah bin Zayed Al Nahyan, an Abu Dhabi royal, celebrated the award of the 2020 World Expo to Dubai. A Dubai counterpart returned the favor three weeks later, hailing Abu Dhabi’s role in securing the event.
The United Arab Emirates, home to the world’s largest airline by international traffic, is reviewing a more unified approach on how the Gulf region manages its air space as delays become more commonplace amid booming travel.
Shuaa Capital PSC may seek a joint- venture partner or raise debt to boost growth at its lending unit as the investment bank controlled by Dubai’s ruler rebuilds the business after five years of losses.
Dubai Airports said it’s in talks with more cargo carriers about operating from the sheikdom’s new Al Maktoum hub while continuing to work on adding passenger airlines after the facility opened to them last month.