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.
Dubai Airports said it’s in advanced talks with several airlines about bringing passenger traffic into a second airport as it begins the transition from the existing hub that will run out of space within the decade.
Dubai International airport, which is being expanded to handle 90 million passengers a year, could be shut in coming decades to focus traffic on a new super-hub under construction with as much as twice that capacity.
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.
The Federal Reserve will keep its benchmark interest rate at a record low till the middle of 2011 as Europe’s sovereign debt crisis slows growth and damps inflation, according to Aberdeen Asset Management Plc.
Dubai Airports may delay opening Al- Maktoum International Airport to passengers by “months” as the state-owned terminal and runway operator studies the project’s progress, Chief Executive Officer Paul Griffiths said.